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In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 10 ^ 6 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain.
The sources included most of South America such as Venezuela and Brazil. The Soviet Union still received grain from the United States with regard to the grain agreement in 1973 between the two countries. The agreement required the United States to send 8 million tons of grain to the Soviets. [6]
The Soviet grain procurement crisis of 1928, sometimes referred to as "the crisis of NEP," was a pivotal economic event which took place in the Soviet Union beginning in January 1928 during which the quantities of wheat, rye, and other cereal crops made available for purchase by the state fell to levels regarded by planners as inadequate to support the needs of the country's urban population.
Collectivization sought to modernize Soviet agriculture, consolidating the land into parcels that could be farmed by modern equipment using the latest scientific methods of agriculture. It was often claimed that an American Fordson tractor (called "Фордзон" in Russian) was the best propaganda in favour of collectivization. [citation needed]
While the Moscow government recognized the famine in Russia, Soviet authorities paid little attention to the 1921–1923 famine in Ukraine. Moreover, Vladimir Lenin ordered to move trains full of grain from Ukraine to the Volga region, Moscow, and Petrograd, to combat starvation there; 1,127 trains were sent between fall 1921 and August 1922. [20]
“The U.S. economy might be the envy of the rest of the world today,” Niall writes, “but recall how American experts overrated the Soviet economy in the 1970s and 1980s.” Come on now.
Drought struck the Soviet Union in 1963; the harvest of 107,500,000 short tons (97,500,000 t) of grain was down from a peak of 134,700,000 short tons (122,200,000 t) in 1958. The shortages resulted in bread lines, a fact at first kept from Khrushchev.
Wheat prices are still down 54% from the all-time high hit in March 2022 following Russia’s full-scale invasion of Ukraine, while corn prices are 37% lower than they were in April 2022, when ...