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In the early 1980s the Omaha-based company Scoular Grain was a growing agribusiness led by Nebraska grain industry executive Marshall Faith. Faith, along with several other investors, had acquired what was then Scoular-Bishop Grain Company in 1967 [5] and expanded its operations from three grain elevators to dozens of locations in multiple states, and was beginning to branch out beyond grain ...
Although embargo had little effect on American grain prices [7] [6] the embargo had a direct impact on the 1980 presidential election. [8] [9] In several states, farmers who were part of the farm strike movement circled their tractors around local state US Department of Agriculture offices to protest the department's enforcement of the embargo.
In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 106 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain. Hoping to prevent famine or other crisis, Soviet negotiators ...
The Minneapolis Grain Exchange (MGEX) is a commodities and futures exchange of grain products. It was formed in 1881 in Minneapolis, Minnesota, United States as a regional cash marketplace to promote fair trade and to prevent trade abuses in wheat, oats and corn. MGEX became a subsidiary of Miami International Holdings after the two companies ...
Under the Wilson administration during World War I, the U.S. Food Administration, under the direction of Herbert Hoover, set a basic price of $2.20 per bushel. The end of the war led to "the closing of the bonanza export markets and the fall of sky-high farm prices", and wheat prices fell from more than $2.20 per bushel in 1919 to $1.01 in 1921 ...
The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
The grain trade refers to the local and international trade in cereals such as wheat, barley, maize, and rice, and other food grains. Grain is an important trade item because it is easily stored and transported with limited spoilage, unlike other agricultural products. Healthy grain supply and trade is important to many societies, providing a ...
Santon (2010) explains how the AAA programs set wheat prices in the U.S. after 1933, and the Canadians established a wheat board to do the same there. The Canadian government required prairie farmers to deliver all their grain to the Canadian Wheat Board (CWB), a single-selling-desk agency that supplanted private wheat marketing in western ...