OCR Text |
Show USAC Professor Predicts On Market Trends By Morris H. Toylor Cattle Marketing Specialist Utah State Agricultural Collega Many Utah farmers are wondering won-dering what affect the current bntish dollar crisis might have on demand for United States farm products. Although the full affect cannot be ascertained according to the Ott ice- of Foreign Agricultural Relations the facts point to, "little immediate prospect for export of a large number of products pro-ducts Mich as fresh fruit, including in-cluding apples, pears or grapes to the United Kingdom. "The standstill, or non-purchase, policy adopted bv Brit-ian Brit-ian with respect to all imports from the U.S., wheather bv government gov-ernment or private importers, Will permit the granting of license only for imports urgently j required or those under existing Contract or commitment. The im-j im-j pact w ill likely be most serious on commodities not covered by current E.C.A. programs." This is important to Utah and other U.S. farmers because the United Kingdom has been oui chief export market. Last year, with the help of E.C.A. , a number of the more important U.S. agricultural export ex-port commodities recovered some of the British Market. No permanent restoration of the British market appears pos-ible pos-ible unless some of the more difficult diff-icult economic problems are solved. Britain has given assurance that she will attempt to solve these problems and develop a multilateral trade system which would include the Unit:d States Most U. S. agricultural products pro-ducts are affected directly or indirectly in-directly by this dollar crisis. Expoj-ts to the United King- dom include all the major farm products that are produced in Utah; such as milk, eggs, beef, wal. lamb, pork, lard, fruits of all kinds, but particularly apples pears, apricots, peaches, many-vegetables many-vegetables including peas, beans and onions; wheat, and ahost of processed food products. In add ition corn, cotton and tobacco : accupy a very important position in the exports to Britian. If these commodities cannol move in exports trace, competition competi-tion of these cusomary sepor supplies with domestic supplies will undoutedlv result in furthrr S,u.ns.,hownd''--orn. I 'rl;,1; pHt; of 'logs, for example lar.i U,C,',U 0,1 ,he PHce or i t s well as pork cuts, urent n i -n 'S, im'lutte ,hoso for "icots and peaches have been ecMed by this halting of exports s ordlnrfly takes a sub-fruits sub-fruits amount ot' lll0-sl canned Although Utah does not pro-aiue pro-aiue cotton, cotton does complete with our Utah wool for a miTket. Ihe loss of British market will end to C(pres.s the market for Utans and other farm products realise through the years we've looked to Britian to absorb large quantities of farm as well as non iarm products. |