Yeutter Institute of International Trade and Finance


Date of this Version


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U.S. government work.


It is a pleasure for me to be in Toronto, for the first time ever. My wife and I honeymooned in Canada 30 years ago, so every return trip to your beautiful country is a nostalgic experience. With an 80 cent exchange rate, we really ought to come back for another honeymoon in June and stay the rest of the year! Marshall Loeb, one of our outstanding business journalists, delivered a speech a couple of years ago in which he predicted the winning nations in international economic competition for the next decade or two. His top category encompassed only five nations and Canada was one of them. Fortunately, so was the Uni ted States. Of even more relevance to the audience assembled here today, agricultural productivity was delineated by Mr. Loeb as one of the primary reasons for his prediction in both your case and ours.