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Ambassador Clayton Yeutter United States Trade Representative Foreign Correspondents Club Tokyo, Japan August 13, 1985, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

It's a pleasure to be here in Japan for my first major overseas trip since becoming U.S. Trade Representative on July 1. I have been hoping that my first major speech outside the United States would be in Japan. Thanks to the kind invitation of the Foreign Correspondents Club, that hope is now being realized.

Ambassador Clayton Yeutter United States Trade Representative Address To The World Economic Forum Geneva, Switzerland December 6, 1985, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

I'm very pleased that e World Economic Forum has provided me with my first opportunity to address a European audience since becoming the United states Trade Representative on July 1. As you know, I had hoped to be here sooner, in September, but had to cancel that trip when President Reagan decided to take some tough new trade actions on September 7.

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1984, Central Bank Of Nigeria

CBN Annual Report

CBN annual report and statement of accounts for 1984 covers economic performance including key economic indicators such as inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates for 1984. It also examines future economic outlook. In 1984, the index of industrial production fell by 10.2 per cent significantly due to the poor performance of the manufacturing sector whose index of production fell by 18.2 per cent. In respect of domestic prices, the supply-side factors were dominant in exerting upward pressures on prices. There were acute shortages in consumer goods and …

"Stock Index Futures At The Merc", Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

GOOD MORNING AND THANK YOU FOR INVITING ME TO ADDRESS THIS GROUP. LAST YEAR, WHEN I TALKED TO YOU AT THE SCIA ANNUAL MEETING IN BURGENSTOCK, I TOLD YOU OF THE DYNAMIC GROWTH THE FUTURES INDUSTRY WAS UNDERGOING. I AM HAPPY TO REPORT THAT THAT GROWTH CONTINUED IN 1983. THE CHICAGO MERCANTILE EXCHANGE HAD ITS SEVENTH CONSECUTIVE RECORD-BREAKING YEAR, TOPPING 1982 TRADING VOLUME BY MORE THAN 13 PER CENT. SINCE 1972 WE HAVE SEEN OUR ANNUAL VOLUME GROW FROM 4.5 MILLION CONTRACTS TO 38.1 MILLION CONTRACTS--A TRULY PHENOMENAL RECORD!

The Outlook For U.S. Agriculture And Agribusiness, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Not since the 1930s have I been as concerned for the short term future of American agriculture as I am now. Last year's net farm income is estimated at only about $15.5 billion. In the aggregate, and in real term, that is the lowest it has been in decades. Fortunately, on a per capita or per farm basis the numbers are less depressing and, fortunately, they will begin to trend upward again in 1984. But it looks as if export tonnages will decline for the fourth year in a row, and farm land values may also decline for the fourth …

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1983, Central Bank Of Nigeria

CBN Annual Report

In 1983, Nigeria's economy experienced severe stagflation, with GDP falling by 4.4%, more than the 3.4% decline recorded in 1982. Domestic inflation was 23.2%, more than three times the 7.7% recorded in 1982. The external sector also suffered from the general malaise, with the recorded value of external trade falling from N21.3 billion in 1982 to N17.3 billion in 1983. Agricultural production fell sharply due to severe droughts, bush fires, and diseases/pest infestations in livestock and crops. The volume of primary commercial energy consumed increased, with the index going up by 4.4% in 1983. Inflationary pressures intensified due to the …

Canadian & American Agriculture: Competitors? Cooperators? Or Both?, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

It is a pleasure for me to be in Toronto, for the first time ever. My wife and I honeymooned in Canada 30 years ago, so every return trip to your beautiful country is a nostalgic experience. With an 80 cent exchange rate, we really ought to come back for another honeymoon in June and stay the rest of the year! Marshall Loeb, one of our outstanding business journalists, delivered a speech a couple of years ago in which he predicted the winning nations in international economic competition for the next decade or two. His top category encompassed only five …

Central Bank Of Nigeria Annual Report And Statement Of Account For The Year Ended 31st December, 1982, Central Bank Of Nigeria

CBN Annual Report

The economic slowdown in 1981-1982 led to a decline in mineral and export crop production, with crude oil production falling from 1.440 million barrels in 1981 to 1.29 million barrels in 1982. The Central Bank of Nigeria business survey showed increased manufacturing sales and inventories of finished goods. Inflation decelerated to its lowest level since 1973, mainly due to reduced monetary expansion and increased production of staple food, livestock products, and fish. The money supply rose by 5.6% in 1980 and 3.1% in 1982, but the government sector's share in bank credit increased. The Gross National Product of all industrialized …

How The Imm Can Help Banks, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

I am very pleased to be in San Francisco. This is such a delightful city that I sometimes wish I were President of a San Francisco Commodity Exchange. But that would not be fair to Chicago, a truly great city, or to the Chicago Mercantile Exchange, an outstanding business and financial institution. I hope all of you will become exposed to them both. You will like what you see. The times they are a changin! And changin fast, everywhere. I head an Exchange that is several decades old and steeped in agricultural tradition. We' were once called the Butter and …

Hedging Techniques For Agricultural Producers, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

I am delighted to be here today talking about hedging and how it can be applied to the marketing strategies of agricultural producers in agriculture. It is good to have so much interest developing at the marketing end of agriculture, because it seems do me that too much attention has long been paid to production and too little to marketing. Even in the United States, which has developed perhaps the most sophisticated marketing techniques in the world, farmers are still too production oriented. Futures markets, where hedging techniques can be applied the best, are more than 100 years old in …

World Food Supply And Demand: How The Two Can Be Linked, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

It is a privilege and honor for me to make the concluding address of this excellent symposium on world agricultural trade. Ed Harshbarger and his colleagues at the Federal Reserve Bank of Kansas City are certainly to be complimented for assembling such a distinguished group of participants, as well as a most impressive audience. Hopefully, the discussions of the past two days will stimulate and enhance world agricultural trade over the next two decades or more.

Address Given At The Annual Convention Of The Ground Water Management Districts Association, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

It is good to be back in Nebraska. As many of you know, water resources was my major field of endeavor a dozen years ago when I was on the faculty of University of Nebraska. My Ph.D. dissertation involved water law and water administration in the central United States, and I know you have a number of states represented here that were involved in that particular study. Those states were Kansas, Colorado, Iowa and Nebraska, but with some spillover into other geographic areas as well. At that time, of course, I spent a lot of time with people like Don …

Major Issues Facing Agriculture As Our Nation Moves Toward A Domestic And International Food And Agricultural Policy, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

It is a pleasure for me to speak this evening before such a distinguished group of agribusiness and academic representatives, all of whom have a common interest. Twenty years ago, that interest would have been denominated as "agricultural policy". Today it would be called "food policy", which presumably is a broader term. Food policy is usually defined to encompass the interests of everyone in the production and marketing process from producer to consumer. It is by no means limited geographically, but encompasses people and firms who are involved -- directly or indirectly, domestically and internationally - in the food business. …

U. S. Trade Policy - Procedures And Prospects, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

To fully understand U.S. trade policy today, one must also understand its process of evolution. ~n particular, one must comprehend our trade policy of the late 1960's and early 1970 1 s, culminating in passage of the Trade Act of 1974. Putting it another way, a Brazilian businessman will be able to predict with much more accuracy what the U.S. will or will not do on trade issues in the coming years if he knows what the U.S. did or did not do on trade issues during the past few years, and why. Our trade policy of today is very …

Issues Facing U.S. Farmers And Their Cooperatives, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

It is a pleasure for me to speak this morning to this dynamic group of young farm families. Those of .us who were actively involved in farming a few years back are continually amazed at the talent that has come along" to succeed us. Farming has indeed changed more than we realize. That is not a new discovery, for thousands of articles have been written about the technological revolution in agriculture. But relatively little attention has been given to the change in farm families themselves. without doubt, the quality level of young farmers and their wives - whether it be …

Food And Foreign Affairs: The Role Of Agricultural Trade Policy In International Commerce And Domestic Relations, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Until that now famous series of Russian grain sales took place in 1972 agricultural policy in the United States had begun to lose its sex appeal! It had its challenges in the drought and depression years of the '30s, and again during World War II, but in both those cases the concern was whether we could produce enough for our needs. In the earlier of those decades, we had an additional preoccupation with the economic survival of our farming communities. Farm families had to.be strong in every sense of the word to live through the '30s.

Liberalized Agricultural Trade -- At The Multilateral Trade Negotiations, Bilaterally Or Not At All!, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

For most of the 20th century, much of the world has fretted about agricultural surpluses. This has been particularly true of the major producing nations, with the United States being in the forefront. Only a decade ago, our "ever normal granaries" were bursting at their steel seams, and we were immersed in another agonizing appraisal of U.S. farm policy.

Then the shock came! In 1972 everything went wrong on the production front droughts, early frosts, monsoon problems, even the fish meal supply diminished because of an uncooperative ocean current. We suddenly realized that man was not quite as omniscient as …

Statement Of Ambassador Clayton K. Yeutter Representative Of The United States To The Thirty-Second Session Of The Contracting Parties To The General Agreement On Tariffs And Trade, November 22/23, 1976 Geneva, Switzerland, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Mr. Chairman: IT IS AN HONOR FOR ME TO REPRESENT THE UNITED STATES AT THIS THIRTY-SECOND SESSION OF THE GATT CONTRACTING PARTIES. THE SIGNIFICANCE OF THIS MEETING EXTENDS WELL BEYOND THE SPECIFIC TRADE ISSUES ON THE AGENDA BEFORE US. IT REPRESENTS A CONTINUING EFFORT TO RESOLVE COMMON ECONOMIC PROBLEMS THROUGH INTERNATIONAL COOPERATION. THE IMPORTANCE OF THIS EFFORT SHOULD NOT BE UNDERESTIMATED. WE ALL SHARE A FUNDAMENTAL SELF-INTEREST IN PRESERVING; IN THE FACE OF MAJOR ECONOMIC DIFFICULTIES; AN OPEN TRADING SYSTEM BASED ON COOPERATION UNDER AGREED INTERNATIONAL RULES.

Testimony Of Ambassador Clayton K. Yeutter U.S. Deputy Special Representative For Trade Negotiations The American Role In East-West Trade Before The U.S. Senate Committee On Commerce, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Mr. Chairman and Members of the Committee:

Thank you for extending to me this opportunity to participate in these hearings on the current status of East-West trade. This review of the U.S. role in East-West trade is both important and timely. Ambassador Dent had looked forward to being with you, and regrets that he is out of the country and unable to testify today.

Facing The Economic Issue, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Perhaps the most significant item on America's unfinished agenda is the status of our economy. We are all aware of serious difficulties in our economic structure today. We could scarcely fail to notice, what with recent devaluations of the dollar, double-digit inflation, serious unemployment, recession and staggering Federal budget deficits.

Obviously, we have not yet achieved the ideal economic system. Even worse, we seem to have major disagreement about where we are and the direction in which we want to travel.

Address By The Honorable Clayton K. Yeutter Assistant Secretary Of Agriculture For International Affairs & Commodity Programs U.S. Department Of Agriculture To The 51st Annual Convention Of The American Cotton Shippers Association, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Thank you very much, Heinz.

You know, this program has gone so well this morning, that it is with some trepidation that l even stand up.

My compliments to everybody here at the table who has been before this podium today.

Hans, I think this is the best organized, best presented program on which I have appeared in many, many months and, I have appeared on a lot of them.

I "take my hat off" to all of you.

Beyond that, I want to say to all of you, before I get into the substance of my remarks, that although …

"Producing A World Crop In A World Market", Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

From the very beginning, rice in the United States has been an export crop. History shows that the development of the U.S. rice industry started in about 1964, and by 1698 sufficient rice was being produced to warrant an effort to export it.

That same year a petition was drawn up in South Caroline where the rice was being produced to get the English to drop their import tariffs on colony-produced rice. Two years later about 300 tons were shipped to England.

Youth And The Rural Resurgence, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Many of us have been concerned about the apparent decline of rural America for some time. We have watched the outmigration of people from farms and rural towns. We have worried about the substandard housing and the relative scarcity of health care. We have charted declining economic bases I and shrinking rural job markets.

Thus, it is a.particular pleasure today to see rural America staging a comeback. A radical turnaround is under way in rural and small town areas. It is changing the destiny of these areas, making them more attractive places for young people like yourselves to locate and …

The Dangerous Time, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

This is the most dangerous legislative period for American farming in at least ten years. Not since 1965, when low farm incomes and massive crop surpluses forced the beginning of a radical shift in our farm policy approach, has there existed as much potential for backward steps in our farm program.

The nation made the right choice ten years ago. Our farm programs have gradually become more market-oriented and more export-oriented since that time. Acreage allotments and bases have been relaxed. Farmers have been given more management freedom, which they have used to increase their productive efficiency. Massive surpluses have …

The Psychology Of Recovery, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Franklin Roosevelt said during the Great Depression, 11 The only thing we have to fear is fear itself." That may have seemed ironic to the man standing in line outside a soup kitchen at the time. But the statement was true; in the 1930's, we let fear drive us into some policies that worsened the Great Depression and made it longer and more far-reaching than might otherwise have been the case.

By the same token, our attitude toward the present recession can play an important role in getting us out of it. And nothing will do more for American agriculture …

The Changing Congressional Climate, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

The current legislative climate for American agriculture is illustrated by the House Agriculture Committee in the new Congress. The committee in the last session had 37 members and was chaired by Rep. Poage of Texas. The House Agriculture Committee today has 43 members, and is chaired by Rep. Foley of the State of Washington.

The committee was enlarged this session to make room for all of the new Congressmen who wanted to serve on it. Only a few years ago, new Congressmen had to be dragooned onto the Agriculture Committee.

Quick Economic Action Needed To Help Agriculture, Yeutter Says:, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

"American agriculture needs a healthy non-farm economy to prosper fully. Right now, that means taking some strong economic medicine, which President Ford has prescribed," said Clayton K. Yeutter, Assistant Secretary of Agriculture and Nebraska farmer-rancher in Omaha today. Speaking to the Omaha Chamber of Commerce Agribusiness Club, Mr. Yeutter said that the economies of the United States and most of the world have been thrown out of kilter by the combination of the oil crisis and business cycle downturns.

Looking Forward, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

A couple of weeks ago, on my Far Eastern tour, I visited a farm in Taiwan. The contrast with Montana could not have been more striking.

This was a good-sized farm by Taiwanese standards, about 10 acres. It is farmed by a father and his six sons, and provides most of the support for the 40 people in their families. The agriculture is highly intensive. They alternate rice and vegetables on their land, getting at least two crops of each per year. They were also raising hogs--completely confined from birth to slaughter because land is so precious. There were no …

Soybeans -- What To Look For In 1975, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

I have just returned from a tour of our major farm product customers in the Far East -- Japan, Korea, Taiwan and the Philippines. The most impressive thing I found there was the forward-looking spirit of these nations, and their driving determination to continue their economic growth in spite of the world's current energy and inflation problems.

All of these nations are vitally interested in American farm products, with soybeans high on their priority lists. All of them are looking past the current recession atmosphere, and planning for the future. All of them have more protein for their diets as …

Food Trade And Aid, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

The key question on food policy in the world today is how we can get maximum effective output from the world's agriculture in the years ahead. ·World food production will likely need to double in the next 25 years if we are going to meet the needs of the world's rapidly growing population and to provide the higher standard of eating that so many of the world's peoples desire.

We cannot attain that level of efficient food production without a far more efficient and effective world agriculture than we have today.