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Abstract

Excerpts from the report: The growth of grain imports by some developing countries slowed during the 1980's as their economies faltered and external debts mounted. The United States, the world's largest grain exporter, lost some of its grain markets as a result. U.S. policies further reduced U.S. exports as the United States lost market share in developing countries by holding export prices steady in the face of low world prices and high surpluses. With a higher exchange value of the dollar, U.S. agricultural exports became less competitive in world markets. This report shows how economic growth can lead developing countries to supplement local grain production with imports. Grain markets can grow if measures are undertaken to resolve the debt problems and promote economic development in developing countries. U.S. farmers could share in these growing markets if U.S. grain exports are priced competitively.

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