Excerpt from the report: The International Wheat Agreement is now in its third year. Since it runs for only 4 years, it will expire in another year unless it is renewed. This brings up the question: How has it been working ? Wheat farmers and many other people have an important interest in the answer. Since World War II, one-third of our United States wheat has gone to foreign countries. This has been the average annual product of 24 million acres. To put it another way, the wheat we have shipped abroad in recent years has been nearly equal to all the wheat grown during those years in Nebraska, Kansas, Oklahoma, and Texas. Without that foreign market, our wheat farmers would have to cut their production drastically. Elevator operators, millers, exporters, transportation companies, and others who handle wheat also are concerned with the future of the United States in the world wheat market.