Bob Duxbury, South Dakota Secretary of Agriculture, speaks about the importance of agriculture to the prosperity of South Dakota, family farms, cooperatives, marketing, agricultural exports, the world food supply, and the U.S. Department of Agriculture. Jerry Tvedt, president of Cenex, reads quotations from U.S. President Ford's speech at the Iowa State Fair in Des Moines, Iowa. Tvedt speaks about the role of agriculture internationally, world peace, balance of trade, oil imports, and grain sales to Russia. B. J. Malusky, a speaker representing the Grain Terminal Association (GTA), talks about grain marketing, government embargos, the 1974 drought and flood, lower livestock prices, winter storms, livestock losses, rendering services, Capper-Volstead Act, price setting, and anti-trust legislation.