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Economic Perspectives, 4, No. 1, 1980
Agriculture: embargo undermines strong world demand for agriculture
Last year marked the fifth consecutive year of record domestic crop production. Huge crops of grains and oilseeds—in light of the embargo on shipments to the Soviet Union— are more than enough to meet prospective utilization. As a result, carryover stocks will increase substantially, possibly weighing heavily on crop prices in the year ahead.


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