lectur6-page30

lectur6-page30 - Real Net Farm Income, N.C. (Millions $)...

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Unformatted text preview: Real Net Farm Income, N.C. (Millions $) 3000 2500 2000 1500 1000 500 Year 98 96 94 92 90 88 86 84 82 80 78 76 74 72 0 30 The grain embargo imposed on the USSR on January 4, 1980 by the Carter administration as a reprisal for the Soviet invasion of Afghanistan led to a period of low grain prices and net farm income across the U.S. It was not until the late eighties that the agricultural sector started to come out of one of the worst financial crises in modern times. 30 ...
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