Yeutter Institute of International Trade and Finance


Date of this Version


Document Type



U.S. Department of Agriculture Office of the Secretary


I have just returned from a tour of our major farm product customers in the Far East -- Japan, Korea, Taiwan and the Philippines. The most impressive thing I found there was the forward-looking spirit of these nations, and their driving determination to continue their economic growth in spite of the world's current energy and inflation problems.

All of these nations are vitally interested in American farm products, with soybeans high on their priority lists. All of them are looking past the current recession atmosphere, and planning for the future. All of them have more protein for their diets as a long-range goal. And all of them are doing their best to maintain their livestock and poultry populations despite the short feed supply, as a building base for future livestock expansion.