RECORD DROUGHT and WEATHER ...Just When Bumper Crops Are Not Enough - Donald D Schroeder - April 1981

Donald D Schroeder

"Food will be in the 1980s what oil became in the 1970s - scarce and expensive!" So warns a leading food commodities analyst. Suddenly, there are no great surpluses of grain stocks in the world. "We moved from surplus to scarcity with one fell swoop," said Willard Cochrane, University of Minnesota agricultural economist. Mr. Cochrane warns unless weather is good over much of the United States this year - and it clearly hasn't been good in many areas for many months - by autumn grain stockpiles will fall to little more than a month's supply at present draw done rates. That is ominous! - Information Supplied By: Herbert W Armstrong Library