It really was not much of an embargo, there was an exclusion for 8 million tons previously guaranteed from an earlier treaty. The embargo only lasted from Jan. 1980 until April 1981, 1979 and 1980 had record numbers of cattle on feed and record cattle prices, feedlots took the extra grain but when the cattle market slipped in 1981 grain prices crashed. The US may have lost market share with the Soviets during the embargo but actual grain prices did not fall until the harvest season after the embargo was lifted. What is really interesting to me is the fact that Jimma, the sunday school teacher president, is the only president in modern times who was willing to use food as a weapon which is exactly what we should be doing to squeeze the arabs. Saudi Arabia uses ''market share'' as an excuse to manipulate the oil markets, we will soon see $150.00 oil as a result of the latest artificial flooding of the market but this time when US producers step in and fill the gap and drive the price back down to a reasonable level there will be agreements in place to prevent the current type of crash that has the industry on its knees, we will then have a steady supply of affordable energy, then the goat smellers and desert dwellers can eat sand sandwiches.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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