Fred H. Sanderson

An Assessment of Global Demand for U.S. Agricultural Products to the Year 2000: Economic and Policy Dimensions

The dramatic turnabout in the agricultural outlook since 1981 has generated new interest in the longer-term prospects for growth in the global demand for U.S. farm products. Concerns about resource constraints and rising real prices, so widespread in the 1970s, have given way to renewed worries over surpluses, low prices, and depressed farm incomes. The agricultural export boom of the 1970s can now be seen more clearly as a temporary event resulting from an unusual combination of favorable factors. Demand from the oil-