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a solid food and agriculture base for economic development while at the same time facilitating future U.S. commercial exports of grains and other agricultural commodities to the Ryukyu Islands. In Ecuador, the sales proceeds from title IV commodities are helping to finance colonization cooperatives and community development, land reform and legalization of land holdings, development of rural settlements, and technical training, The Peruvian Government is using part of the title IV sales proceed-, to finance a colonization project in northern Peru. In the Republic of China, title IV sales proceeds have been made available for loans to various private industrial development projects. In Iraq, title IV funds have been made available for housing loans, road improvement, control of crop diseases and pests, drilling and maintenance of wells, tourism development, and loans to agricultural cooperatives. The Government of Kenya is using sales proceeds to finance expansion of classrooms and other secondary technical school and college facilities. Additional funds will be used for financing range management training and demonstration programs, housing, and other social development projects. Private Trade Sales Agreements Fia e title IV private trade agreements totaling $45.7 million in export market value (including applicable ocean transportation costs) were signed during 1965. Under these agreements the United States will export more than 23.9 million bushels of feed grains, 2.0 million bushels of wheat, 8.6 miliion pounds of vegetable oils, and 22 million pounds of tallow, to private trade entities in Iran, Spain, and the Republic of China. Of the $45.7 million to $45.7strated be financed, 82 percent will be repaid in equal annual installments over a period of 10 years or less. The interest rates average slightly over 4 percent per annum. The largest of the five title IV agreements signed in 1965 is with the Spanish Cooperative for Comnniercialization of Farm Products (COES). Over the 3-year supply period covered by the agreement, COES will import, distribute, and sell 600,000 tons of U.S. feed grains to its livestock producing members. COES will use the proceeds to finance the building of 5 feed grain port, storage, and handling facilities; 4 feed-processing plants; 7 livestock-fattening centers; 10 slaughterhouses; 4 refrigerated meat distribution facilities; 10 livestock demonstration farms; and the purchase of vehicles for marketing feed grains, mixed feeds, and meats. These facilities will in turn earn revenue that will be used in repaying dollars to the Commodity Credit Corporation. In addition to the 600,000 tons of U.S. feed grains to be imported under credit terms, COES has agreed to make regular commercial imports during the next three years of at least 321,000 tons of U.S. feed grains, plus an additional 134,000 tons of feed grains from free world sources, including the United States. COES plans to make substantial imports of U.S. soybean meal and other feed ingredients, live cattle, and equipment needed in carrying out its livestock production and marketing program. The title IV private trade agreement with the Iranian Bank of Development and Rural Cooperatives (Bank Omnran) requires that the Iranian currency proceeds from the sale of 46,000 metric tons of wheat be used to expand the Bank's supervised agricultural credit and cooperative services to more than 11,000 subsistence level farmers. These farmers, most of whom are producing truck crops and dairy and livestock products, will now get production credit on reasonable terms through their local cooperatives. These additional credit and cooperative service facilities will lead to an increased use of feed grains on the part of the livestock producers. In comgan ntepr ftelvsokpoues ncm bination with the reduction in feed grain import taxes and inland freight rates discussed above, this should facilitate development of a commercial market for U.S. feed grains in Iran, while increasing local living standards as well. The flexibility of the private trade program is demonby the agreement with the Taiwan lDevelopment Corporation of raipi. This firm win use the proceeds from the sale of $3 million worth of U.S. corn and inedibl, tallow to finance the construction of an apartmilnt coniplex in the suburbs of Taipei to house approximnately 1,000Taiwan families. This will help to alleviate the acute housing shortage in that rapidly growing capital city. 111
TABLE XXXVIII.-Countries having title I programs in fiscal year 1956 and not In fiscal year 1965 Title i Title I Cnrnrner- Other Percent Country Title IV Commerprogram Other imports Percent clal imports imports I commer- imports imports fiscal year imports fiscal I year commer fiscal year fiscal year cial fiscal year fiscal year 1956 fiscal 1956 year cial 1956 1956 1965 1965 1965 Mil. dol. Mil. dol. Mif. dol. Mil. dol. Mil. dol. Mil. dol. Mil. dol. Argentina------------- 31.1 20.1 1.2 -------- 6 ----------- - 4.8 6.9 41 Austria ---------------- 28.5 15.0 7.0 13.0 20 ---------- 11.0 ---------- 100 Burma ---------------- 21.7 -------------------- -. 2 0 ----------- 3.9 3.9 50 Chile----------------- 39.6 4.0 11.8 .1 74 12.7 6.3 10.1 22 Ecuador---------------- 4.0 2.4 3.4 .1 58 1.3 7.6 2.0 69 Finland--------------- 22.3 6.8 5.2 2.0 37 ---------- 14.8 3.4 81 France---------------- -. 7 .9 21.4 59.7 26 ---------- 145.7 ---------- 100 Germany -------------- 1.2 .9 192,0 77.2 71 ---------- 403.3 2.7 99 Italy------------------ 50.0 14.3 29.0 71.1 25 ---------- 237.6 5.6 98 Japan ----------------- 150.8 83.1 189.9 98.7 51 ---------- 749.5 100 Portugal-------------- 7.1 .6 7.0 4.5 57 5.3 6.5 7.7 33 Spain----------------- 117.5 59.0 11.6 54.9 9 ---------- 121.4 5.8 95 Thailand-------------- 2.0 1.9 6.2 ---------- 76 ---------- 15.9 .1 99 United Kingdom ------- 27.2 26.9 244.5 123.3 62 ---------- 414.5 2.2 100 Total---------- 503.7 235.9 730.2 504.8 ----------- 19.3 2,142.8 50.4 I Other imports include title II and III donations, title III barter, economic aid, CCC credit sales, and Export-Import Bank loans. TABLE XXXIX.-Countrles in title I in fiscal year 1956 and fiscal year 1965 Title I Title I Com- Other Title I Title IV Coin- Other program imports mercial imports Percent imports imports mercial imports Percent Country fiscal fiscal imports fiscal com- fiscal fiscal imports fiscal comyear year fiscal year mercial year year fiscal year mercial 1956 1956 year 19561 1965 1965 year 1965' 1956 1965 Mil. dol Mil. dol. Mil. dol. Mil. dol Mil. dol. Mil. dol. Mil. dol. Mil. dol. Brazil------------------------- 41.9 27.8 9.8 2.7 24 75.5 --------- 11.4 20.1 1i Colombia ----------------------- 16.9 10.3 19.9 2.2 61 Greece 3.6 ------------------------ -------- 7.8 11.7 20.5 34 13.0 3.4 38.6 6 6.2 13.2 11.8 Indonesia---------------------- 6.2 32 96.7 .7 5.0 7.0 39 1.5 2.7 6.5 25 Iran ---------------------------- 12.5 3.6 .6 .7 11 Israel------------------------- 12.2 4.5 26.4 .9 40.9 60 20.4 9.5 .5 31 22.2 --------- 41.7 10.8 56 Korea ------------------------- 58.8 15.5 4.0 30.0 8 58.5 --------- 20.4 19.5 Pakistan----------------------- 21 46.3 4.5 --------- 45.6 -------- Paraguay----------------------- 162.3 -------- 1.8 4.3 3.0 -------------------------------- 1 2.3 --------. .3 Peru .2 -------------------------- 10 13.5 5.7 9.1 1.5 56 1.7 --------- 23.5 Turkey------------------------ 7.9 71 44.5 9.4 1.3 17.7 4 33.4 .4 5.0 United 1 Arab Republic------------ 19.6 17.1 14.1 24.1 26 101.3 --------- 20.1 14.6 15 Yugoslavia--------------------- 123.1 61.5 2.3 36.5 2 2.7 96.1 9.1 112 Total -------------------- 538.2 189.5 79.0 207.1 483.4 113.8 168.3 116.8 Other imports include title I and III donations, title III barter, economic aid, CCC credits sales, and Export-Import Bank loans.
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owl. ------------ FOOD FOR PEACE 19
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This is a world problem. The stakes
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THE ANNUAL REPORT OF THE PRESIDENT
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6 CON TENTS-Continued Purchase of g
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AGRICULTURAL TRADE DEVELOPMENT AND
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SUMMARY AND HIGHLIGHTS Increasing n
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TABLE I.-Authorizations: Titles I a
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A A " 9 I -4C tf
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ecipient governments can apply to e
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TABLE Ill.-Major commodity exports
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TITLE I SALES FOR FOREIGN CURRENCY
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100 80 Shipments-by Commodity S..-W
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600 400- The Relationship MILLIONS
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the Act (country uses) are availabl
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TABLE VII.-Status of foreign curren
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Status and Uses of Foreign Currency
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U.S. strawberriesscore a hit in Eur
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A British housewife samples America
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Utilization Research Awards of gran
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date, and ao budget requests have b
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Cooley loans of localcurrencies -.
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U.S. Information Agency Programs Si
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"Electricity in the Home, on the I'
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To assist in correcting inadequacie
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TABLE XV.-Loans for economic develo
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TABLE XV.-Programs administered by
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vided international travel for Amer
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During the reporting period the equ
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hybrid material resistant to diseas
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esearch, to conduct or attend semin
Page 62 and 63: translation of educational material
Page 64 and 65: India. Activities include the prepa
Page 66 and 67: (5-324 0 ----- In 1965for the first
Page 68 and 69: TABLE XXVI.-U.S. Government buildin
Page 70 and 71: Israel ($18,0OO).-New York Universi
Page 72 and 73: FOREIGN DONATIONS PROGRAMS American
Page 74 and 75: Dike construction in Korea. Self-he
Page 76 and 77: (A I El Salvador-Earthquake relief.
Page 78 and 79: - Voluntary organization works prog
Page 80 and 81: 'a Hog & feed grain production-Chej
Page 82 and 83: British Guiana-School feeding, mate
Page 84 and 85: World Food Program The World Food P
Page 86 and 87: Cambodia-Employing 3,000 workers --
Page 88 and 89: 00 Indonesia-Rehabilitation after v
Page 90 and 91: Sudan-Afforestation-Bahr El Ghazal
Page 92 and 93: Zambia-Training and maintenance of
Page 94 and 95: FOREIGN DONATIONS PROGRAMS These em
Page 96 and 97: During 1965, 2.4 billion pounds of
Page 98 and 99: normally approved by a prompt cable
Page 100 and 101: A ,A These Chilean students are amo
Page 102 and 103: At a refugee camp inSouth Vietnam,
Page 104 and 105: to 18.9 million in the previous yea
Page 106 and 107: BARTER OPERATIONS emergency stockpi
Page 108 and 109: TABLE XXXV.-Value of materials, equ
Page 110 and 111: TITLE IV LONG-TERM DOLLAR CREDIT SA
Page 114 and 115: Countries buying commodities fff ti
Page 116 and 117: 116 TITLE II.-FOREIGN DONATIONS Pur
Page 118 and 119: Summary of 1965 Amendments Affectin
Page 120 and 121: TABLE 2.-Public Law 480 exports, qu
Page 122 and 123: .. TABLE 4.-Dollar value of commodi
Page 124 and 125: TABLE 4.-Dollar value of commoditie
Page 126 and 127: TABLE 5.-Dollar value of commoditie
Page 128 and 129: SBarley............................
Page 130 and 131: TABLE 7.-Approximate quantities of
Page 132 and 133: TABLE 8.-Approximate quantities of
Page 134 and 135: oBarley. C ri . Total..............
Page 136 and 137: TABLE 10.--Uses of foreign currency
Page 138 and 139: TABLE 11.-Uses of foreign currency
Page 140 and 141: TABLE 13.-Status of foreign currenc
Page 142 and 143: TABLE 15.-Title I, Public Law 480,
Page 144 and 145: TABLE 16.-Title II, Public Law 480,
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TABLE 22.-Title II, Public Law 480,
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TABLE 23.-Title II, Public Law 480,
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TABLE 24.-Title III, Public Law 480
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Area and country TABLE 24.-Title II
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TABLE 25.-Title III, value of mater
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TABLE 26.-Title 1l1,materials, equi
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TABLE 26.-Title III, materials, equ
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TABLE 27.-Title III, value of agric
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TABLE 29.-Dollar value of commoditi
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TABLE 32.-Approximate quantities of
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TABLE 3 3.-Approximate quantities o
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TABLE 3 4 .- Approximate quantities
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TABLE 36.-Title IV, Public Law 480,
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