GAINS FROM RUSSIAN GRAIN DEAL

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP75-00001R000100010012-3
Release Decision: 
RIPPUB
Original Classification: 
K
Document Page Count: 
1
Document Creation Date: 
November 16, 2016
Document Release Date: 
April 24, 2000
Sequence Number: 
12
Case Number: 
Publication Date: 
October 17, 1972
Content Type: 
NSPR
File: 
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PDF icon CIA-RDP75-00001R000100010012-3.pdf88.46 KB
Body: 
FOIAb3b t7ASUIINGTO111 POST Approved For Release 2000/95/? T 9 ~-RDP75-0000 A CLOST" LOOK at the largcst low, terra purchase in the history of nations gcsts (hat the grain deal with hussia is far more. inl- poriallthan the question of whether or not a14r, Clarence Palnlby, the Agriculture De partlnc'nt. oflcial v, ho tipped oft' the bi grain cotu- panics to an impending price rise was guilty of coil- flict of interest. "\Vc have any treasures in Ptssia," C.idd .ldr. Drezll- liev to our secretory Petrir- Son., "and we v ollld like to exchange them for things which we need." No promise was implied to tell u.s what he heeded until the lust pos- sible triumcut, which was one reason why sore Ameri- can farmers got gouged on the wheat deal. But we do know that Tiussia's current, five-year plan calls for all enormous increase in pleat, consumption, which mean;, Prezhnev will tae ordering more feed grains, and as tourist Peterson discovered in his survey of N o scow de- partment stores the Russian need for Consumer .,oocis can hardly be understated. T r , ~. o l u CPYRGHT TFI 'l'IIrlt,l.1'OIt1P the only limit to possibilities for fu- ture trade is the extcm of the "treasures" which Mr. hrczhncv Cats export in re- turn. The i us;-ians have platitituu: they hri'. good; they have oil: rnnsl, irnpor- taut, they have nmuralgas in which this country is in increasingly short supply. 1-lere, there is a difficulty because before 1.1rezllnev can export natural gas, )le must build a pipe line over vast end frozen country. But American firms, Texas Past- ern, Tenneco and El Paso think they can do it and are now negotiating for the job. iit'cv lnev wants an enor- mous anti direct loan from the United States f;overn- IlU'_nt to pay for the pipe line, Peterson has explained that this country doesn't work that way and has stig- gestcd the possibility of a mix of government. and pri- vate financing to handle the project's' unprecedented cost. Peterson is cautious out predictin' immediate hotlatlzas. flit in the long rule what leillocrats are now con delrulilig as scandal- ous may go dowel ill the Itis- tory books as one of the Nixon ac.lministratJon's most irttportant achieveillerlts. \Vas it worth the cost" Pe- terson counters the argu- i)Celit that American Corl- surners will now pay more for broad and meat by lob nt- lag to a 5100 mtllion tax sav- ing in gratin storage inch sub- sicly, generally increased in- collie for the farmer as the wheat deal is followed by ]">tn chases of corn, increased sales for the mechanical itl- dustry which supports the farm, and an minprov al,