Great Grain Robbery refers to the 1972 purchase of U.S. grain

GRAIN

GRAIN is a small international non-profit organisation that works to support small farmers and social movements in their struggles for community-controlled and biodiversity-based food systems. Our support takes the form of independent research and analysis, networking at local, regional and...

 (wheat

Wheat

Wheat is a cereal grain, originally from the Levant region of the Near East, but now cultivated worldwide. In 2007 world production of wheat was 607 million tons, making it the third most-produced cereal after maize and rice...

 and corn

Corn

Corn is the name used in the United States, Canada, and Australia for the grain maize.In much of the English-speaking world, the term "corn" is a generic term for cereal crops, such as* Barley* Oats* Wheat* Rye- Places :...

) by the Soviet Union

Soviet Union

The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....

 at subsidized prices, which resulted in higher grain prices in the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

.

Russian Wheat Deal or Soviet Wheat Deal

This event was referred to in US media of the day as "The Russian Wheat Deal" or "The Soviet Wheat Deal," and may be better recognized under one of these two names by individuals who remember listening to the US news coverage.

GAO reports

• United States. General Accounting Office. Exporters' Profits on Sales of U.S. Wheat to Russia B-176943 February 12, 1974
• United States. General Accounting Office. Examination Into Feed Grains and Related Matters B-176943, April 30, 1973
• United States. General Accounting Office. Russian Wheat Sales and Weaknesses in Agriculture's Management of Wheat Export Subsidy Program B-176943, July 9, 1973

News coverage

• Time Tunnel: Sept. 21, 1972: An FBI investigation fizzles accusations against the Russian wheat deal - ABC News, Sept. 21, 2007 - 1987 Russian Wheat Deal during the Reagan Administration - Major grain deal during the Kennedy Administration in 1963, for sale of U.S. wheat to Soviet Union, Hungary, Bulgaria and Czechoslovakia