Newspapers / The Yancey Journal (Burnsville, … / Oct. 1, 1970, edition 1 / Page 10
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PAGE 10 THE YANCEY RECORD Billion Dollar Customer For US Farmers "North Carolina residents •re well aware that U. S. -Jap anese trade is extensive," H. O. Carter, State Executive Di rector for the Agricultural Sta bilization and Conservation Service, commented recently. "Almost everyone recogni zes that Americans are impor tant customers for Japa ne s e goods. I wonder how many of us realize that the Japanese are major customers for American goods, especially for American farm commodities. "In fact, Japan imports nxm U. S. agricultural products than any other country in the wo rid —a record sl.l billion worth during the 1970 fiscal year, " Carter said. He pointed out that fe ed grains, soybeans, wheat, cot ton, and tobacco are import ait farm crops in North C aro lina and that exports of these farm products to Japan have gone up dramatically in recent years. More than six million tors of feed grains were shipped to Japan last fiscal year just about one-third of U. S. fe ed grain exports. Soybean exports to Japan had 251 million dol lar value, and wheat exports $136 million. Japan is our best cotton customer, taking one fourth of its cotton from the U. S., and Japan bought SSO mil lion worth of tobacco from the U. S. during the last fiscal ye ar. The ASC Committee Chair man reported that Secretary of A.gcicultux« Clifford M. Hardin recently at a luncheon sponsor ed by the National Grain and Feed Association,. Washington, D. C., September tock note of the American-Japanese trade story, calling ifr unprece dented. Secretary Hardin also said: "The Japanese economy has paralleled that Natiafr gxwfh in trade. In the years between 1960 and 1965, Japanese ship ments in world trade more than doubled. By 1969, they had almost doubled again, reachirg sl6 billion. Shipments to the U. S. increased in those yeais by more than four times $4.9 billion... "The Japanese disposable income has more than tripled since 1960. His demand for meat, milk, and eggs— a good "horseback" measure of consumer prosperity—has in creased by more than four times in 15 years. "He is diversifying his eat ing habits as his income goes up. For example, per person consumption of wheat flour in this traditionally rice - eating society has increased by 30 per cent in a decade and a half. "Ten years ago, Japan's ag ricultural imports from the U. S. were $440 million. In the fiscal year just past, they were! more than twice as great—near-| ly sl.l billion... "But the agricultural exports , are only one aspect of a bene-j ficial trading -relationship that! can be summarized very simp ly! in terms of total the United States is Japarfr best OCTOBER 1, 1970 customer, and Japan is the tin ted States' best off-shore cus -, tomer. "As you might expect, two thirds of U, S. shipments so Japan last year were raw ma - ter? t Is, mineral fuels, and food stuff!, while 90 percent of Ja pan's shipments to the U. S. were manufactured goods. "This is tfie basis of benefi cial world trade—an exchange of goods based primarily on production efficiency. "It is this principle that led Japan to look to efficient pro ducers on the broad farmlands for the feed grains needed to satisfy its people's rising de ni and for livestock products. "As a result, imported feed grains have triggered a rapid expansion of Japanese 1 i ve stock production. This has brought Japanese consumers This Is The Plan: decide: HOW MUCH YOU’LL SAVE each month and put that amount aside monthly before you start your spending. J IT PAYS TO REMEMBER that regularity a period * ,ime fs ! H £u?H,ART is BASED on saving iioo f or Vt^ ears i en withdrawing f 100 monthly for the next 15 years. Throughout the entire period, earnings are added to the account and compounded regularly at our current rate of 5 oer cent a year. TO USE THE CHART to figure the effect of saving $25 a month, divide all figures by 4 For S3O a month, divide by 2. For S2OO a month, multiply by 2, and so on. 210 Gay Street FIRST FEDERAL SA^ more meat and poultry at bet ter prices; it has opened oppor tunities for Japanese farmers and it has meant an important and expanding feed grain mar ket for world agriculture... "Almost the whole range of U. S. form commodities find s Japan a leading customer. "Japan wants, needs and can afford these products, and the U.S. can supply them in any system of international trade in which price, quality, and availability are the primary factor... "In a world of competition, export expansion means sales manship and service as well as price, quality, and availabili ty- The producers and marke ters of the major U. S. agricul - tural products have understood this, and they support some 68 private trade organizations formed to develop markets over WOULD YOU I YOU CAN SAVE A Fixed Amount Eaci SPEND The Same . Amount £ STILL HAVE MORE MONE seas in cooperation with the Department of Agriculture. This is, of course, a mutual effort — with many strong Japanese or ganizations bringing to it their special abilities." In closing, Agriculture Se- Rumsv&e School Lunch Mem Thursday, Oct. 1- Friday, Oct. 2 - Monday, Oct 5 - Tuesday, Oct. 6 - Wednesday, Oct. 7- I 15 YEARS OF SAVING 1 I Y*ar Amount Earnings No. J av « d whIU Totai In Y.c Yoarly While Account* No I I Saving I 1 1,200.00 32.88 1,232.88 1 I I 2 1,i00.00 95.68 2,528.56 2 I I 3 1,200.00 161.70 3,890.26 3 I I 4 1,200.00 231.07 5,321.33 4 I I 5 1,200.00 303.97 6,825.30 5 I I 6 1,200.00 380.60 8,405.90 6 I I 7 1,200.00 461.11 10,067.01 7 I I 8 1,200.00 545.75 11,812.76 8 I I 9 1,200.00 634.68 13,647.44 9 I 110 1,200.00 728.15 15,575.59 10 I Ml 1,200.00 826.38 17,601.97 11 I 112 1,200.00 929.62 19,731.59 12 I 113 1,200.00 1,038.11 21,969.70 13 I 114 1,200.00 1,152.13 24,321.83 14 I 115 1,200.00 1,271.96 * 26,793.79 15 cretary Hardin gave special re cognition to the. trade organiza tions for the three commodities which last year accounted for two-thirds of total U. S. agri - cultural exports to Japan—feed grains, soybeans, and wheat. Meat loaf, green beans, buttered rice, pear halves, biscuits, brown gravy, milk. Turkey and gravy, creamed pota - toes, buttered green peas, sliced peaches, hot rolls, milk. Fried Chicken, candied yams, but tered limas, applesauce, gravy, milk. Spaghetti with meat sauce, tossed green salad, toasted cheese sand wich, apricot and rice pudding, whole wheat bread, milk. Hot dogs, chili, baked beans, cole slaw, cinnamon crisp, buns, milk.
The Yancey Journal (Burnsville, N.C.)
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Oct. 1, 1970, edition 1
10
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