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The Outlook For U.S. Agriculture And Agribusiness, Clayton K. Yeutter
The Outlook For U.S. Agriculture And Agribusiness, Clayton K. Yeutter
Clayton K. Yeutter, U.S. 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 …
"Stock Index Futures At The Merc", Clayton K. Yeutter
"Stock Index Futures At The Merc", Clayton K. Yeutter
Clayton K. Yeutter, U.S. 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!