| Show Page I 14— The Herald Journal Logan Utah Tuesday April 5 1988 Soybeans now on front line of brewing farm trade war JAMES Minn — If Roger Asendorf were harvesting soybeans in France instead of Minnesota he'd get more than $16 a bushel instead of the $607 his local grain elevator offered him last week Yet European growers are underselling Asendorf in their local markets — with the help of hefty government subsidies The European Economic Community expects to spend about $2 billion this year making soybean growers the foot soldiers in an agricultural trade war with the United States US threats to retaliate are setting up the trade equivalent of a nuclear showdown And farmers stand directly in the cross fire of not only the soybean battle but other farm-trad- e disputes festering a round the world The 95 nations belonging to the General Agreement on Tariffs and Trade have agreed to make agriculture the centerpiece of negotiations for the first time in the history of the treaty In a round of talks to be completed in 1990 the of all United States is proposing a phase-ou- t government programs that subsidize trade Europe and Japan key players in the talks favor the more protectionist approach of setting market shares for each country A coalition called the Cairns Group — led by Canada Australia Argentina New Zealand and Brazil — stands close to the United States Taxpayers and consumers would be big winners if some trade barriers toppled The US spent more than S90 billion on farm programs between 1983 and 1987 Much of that has been directed toward propping up farmers while keeping commodity prices low enough to compete with countries in which farmers are heavily subsidized by their governments The EEC expects to spend more than $34 billion on farm programs in 1988 not counting hfghcr food prices passed to consumers as part of the programs Any GATT agreement on agricultural issues depends on the United Slates and Europe reaching a truce in their escalating trade war observers say "Of the bombs on the table to go off between the US and the European Community in trade relations there are several small bombs some larger bombs and one nuclear bomb — this soybean issue" said John Baize Soybean d m "It's understandable that the farmers in Europe are going to go into soybean (growing) as hot and heavy as they can" Asendorf said "It's just a matter of time and they won't be needing our beans" However some farm groups oppose the US proposal The National Farmers Union wants managed supplies and demand instead of a free market Union leaders intend to propose this month that the United Nations establish an agency overseeing world agriculture and hunger "Let GATT continue to do what it can to harmonize trade policies and minimize needless trade tensions" said retiring union president Cy Carpenter "But let (the UN agency) address itself solely and directly to lifting world commodity prices to needed levels while augmenting the power of the hungry food-buyin- g nations" grain prices would rise slightly under nonsubsidized trade according to several studies A recent study by the World Bank concluded that the removal of all policies affecting agricultural production and trade by all nations would result in higher World world prices for most commodities except rice I I OGDEN Gi din puces llldli ilJPli Monad IJiiUei It or dmdiy wheat 7 80 7 V2 Un NC No ordinal y 2 IS 7 99 bu NC No 12 ordinal y 2 99 3 ISbil NC No 13 oi dinar y 3 l 2 3 28bwNC No 13 spr mg wliedl 7 10 7 9S bu NC No I SOtt while wheat 2 75 2 80 bu NC No 2 yellow corn 4 00 cwl NC No 2 barley 3 IS 4 OS cwl NC Oats6 00cwl NC Livestock livestock OMAHA ilJPII ' compared last lliuisday Hogs 2 100 I 00 SO to mostly higher some sdlcs butchers I I 25 up closed lairly active NO 3 730 7SS lb Cattle and calves 2100 slaughter 2 100 leeders none trading on slaughter steers and heilers moderately active compared to last Wednesday prices both classes 25 50 lower small run ol slaughter cows near steady with last Thursday not enough slaughter bulls on oiler to establish a market slaughter steers ar counting tor 48 percent ol receipts slaughter heilers 47 percent cows near 3 oercenl slaughter classes steers choice NO 2 4 1100 1350 lb 75 00 76 00 select and choice Select NO 2 3 1050 1250 lb 73 00 75 00 71 00 73 00 holsleins select and choice NO 2 3 1200 1400 lb 66 00 6 7 00 heilers choice NO 7 4 95 1200 lb 74 00 75 00 select and choice NO 2 3 950 1050 lb 72 00 74 00 select 69 00 7 2 00 NO 2 3 cows cutter utility commercial breaking bulk 50 00 57 00 boning bulk Homes For Sale 106 Homes For Sale canner and culler bulk 45 00 48 00 slaughter lambs scarce lew slaughter ewes steady with last week's decline slaughter ewes cull to good shorn NO 2 pelts 16 00 21 00 48 00 52 Ou Beans Beans Thursday DENVEh iUPIi bids on pmlos and Great Northerns steady with very light movement Pintos 13 00 Great Northerns Neb Colo Neb inosMy 15 00 one hrm is 50 one lirm 14 50 Butter eggs CHICAGO and Bulk selling prices ol iiJPi) eggs as reported by USDA Monday Butter Prices paid to delivery unchanged 193 score AA) 130 92 score A i 130 132 I 32 Eggs Prices paid to delivery unchanged prices to retailers (grade A in cartons delivered) Extra large 48 51 large 46 57 medium 35 41 106 DENTAL Assistants earn be smart good money enroll in the Spring class starting April 4 Call 752 5945between$A 12 M F LOOKING for piano stu dents good wbeginners A advanced only $5 a 'z hr please call me at 753 2523 TUTORING Special Edu cation Teach er Diagnostic ianConsul tant 16 yrs exp Will communicate with teach ers: all ages 245 4534 Money To Loan 752 3336 Business Opportunity manufacturer selecting builderdealer in some open areas High building potential ment Specifications on file in the office ol the un dersigned We reserve the right 'o reject any and all bids Francis H Baugh suitable tor any business low rent 753 5602 in Cache RESTUARANT Valley for sale or trade on tarmacreage 68 AKC reg Golden Retriever 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Found (2404 Washington Boulevard Association The EEC subsidizes soybean production so that growers get nearly three times the world price and then it reduces prices to slightly below world levels by beans paying processors to use European-producefirst That’s how European farmers can be paid so much for their crop but still undersell US farmers such as Asendorf As Asendorf tunes up his tractor for planting this year’s crop he's keeping an eye on Geneva where the GATT talks started in February In the past he has expected to sell in Europe one of every three rows of soybeans he planted This year he's not so sure He believes the very future of the soybean industry which has enjoyed brisk sales to Europe depends on the trade talks Although soybean prices are rising amid falling stockpiles Asendorf and other producers believe that European subsidies threaten to plow Jong-terinroads into their markets ST PHONE tapping that you A Send you monitor name A ph f to PO Box 28 Ad runs Sun Tues only Notification it hereby given by Firtf Security Bank of Utah National Attocialion 9 Personals LEGAL NOTICE OF APPLICATION staff vice president for the American Sharon Schmickle Minneapolis Star Tribune By 1 Legals 752 3593 EA MILIEUS INC ii currently seeking lull time employees to fill responsible positions in tho Good production oroos pay benefits and an opportunity to learn a good trade Contact Logan Job Service for an appointment 7S2 5381 trainee post Exc tion benefits A promotion Sales exp or Con education required tact Scott at Radio Shack MANAGER 753 288 RELIABLE relief houseparents needed tor weekend 48 hrs I or 2 timesmo at group home lor handicapped children Prefer married couple with no children or 2 same sex students majors in SP ED a plus Personal or work exp with handi capped people pref 753 8325 753 7173 tor more into SALES REP needed to sell Xerox copiers type writers A fax in the Cache Valley area exciting money making ty Full or pt opportuni time Re sume needed Ed 1 753 3195 1 13 104 98 165 108 114 29 189 149 117 94 9 68 121 113 198 112 191 82 17 188 5 141 100 115 185 193 163 195 173 102 74 STOCKBROKER people wouldn't even think about storting a career os a Stockbroker Most people won't oet rich either a leading national investment banking firm has a limited number of openings in Salt Lake City for the April 1988 training program If you ore a determined self motivated individual and ore interested in training to become a Stockbroker please call Don or Jonothon for on interview Most Stuart-Jame- s gpiAKTOAMCg Investment Bankers 1751 400 It till lilt Cily No 407 UT I4III JS9 9M0 800ISI1 411 400800l4 7971 Mvmtirn NASD NS(T lit) ytf |
