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:
Attachment | Size |
---|---|
CIA-RDP75-00001R000100010012-3.pdf | 88.46 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,