History of Agriculture in The United States - Crops - Wheat - Exports

Exports

Wheat farmers have always produced a surplus for export. The exports run a small scale until the 1860s, when bad crops in Europe, and lower prices due to cheap railroads and ocean transport, opened the European markets. The British in particular depended on American wheat during the 1860s for a fourth of their food supply. By 1880, 150,000,000 bushels were exported to the value of $190,000,000. World War I saw large numbers of young European farmers conscripted into the army, so some Allied countries, particularly France and Italy depended on American shipments, which ranged from 100,000,000 to 260,000,000 bushels a year. American farmers reacted to the heavy demand and high prices by expanding their production, many taking out mortgages to buy out their neighbors farms. This led to a large surplus in the 1920s. The resulting low prices prompted growers to seek government support of prices, first through the McNary-Haugen bills, which failed in Congress, and later in the New Deal through the Agricultural Adjustment Act of 1933 and its many versions.

World War II brought an enormous expansion of production, topping off at a billion bushels in 1944. During the war and after large-scale wheat and flour exports were part of Lend Lease and the foreign assistance programs. In 1966 exports reached 860 million bushels of which 570 million were given away as food aid. A major drought in the Soviet Union in 1972 led to the sale of 390 million bushels and an agreement was assigned in 1975 under the détente policy to supply the Soviets with grain over a five-year period.

Read more about this topic:  History Of Agriculture In The United States, Crops, Wheat

Other articles related to "export, exports":

St. Gallen Embroidery - History - The Big Crisis and The Recovery
... WWI, temporarily brought a surprising turn the Entente forbade the export of cotton products to Germany, but not the export of embroidery ... The last little flurry of exports came in 1919 after the end of the war, when the reconstruction of the war-stricken countries brought another short rise ... Although embroidery exports rose again after the war, the time of the biggest economic crisis for the city began no later than the 1920s ...
Singapore Support For Iraq During The Iran–Iraq War - Mine Warfare - Move of Italian Work To Singapore
... began receiving government authorizations for exports to Iraq ... The overall value of the exports amounted to more than US $110 million ... But political pressures resulted in increasing restrictions on exports to Iraq ...
Late-2000s Recession In Asia - East Asia - Japan
... See also Lost Decade (Japan) In Japan exports in June declined for the first time in about five years falling by 1.7 percent ... Exports to the United States and European Union fell 15.4 percent and 11.2 percent respectively ... The decline in exports and increase in imports cut Japan's trade surplus $1.28 billion a decline of 90 percent from the previous year ...
Samchuly - History - 1965–1984
... economy struggled to grow, Samchuly decided to export bicycles to the United States and shipped their first set of bicycles in 1965 ... Exports to the United States grew very rapidly in the 1970s, with annual exports averaging 100,000 bicycles ... By the 1980s, annual exports averaged 300,000 bicicyles ...