Home / News / Policy news / US may send money, not food, to countries in need

US may send money, not food, to countries in need

Agriculture.com Staff 04/15/2008 @ 2:03pm

CHICAGO (Dow Jones)--U.S. Department of Agriculture Secretary Ed Schafer said Tuesday soaring food prices are creating "a huge international situation" and that the government's response requires a shift in its approach to public policy.

While global food prices have risen by about 40%, the U.S. has seen a more moderate rise in food prices of about 4%, Schafer said. The disparity is caused by factors including high costs for food transportation and fuel, he said.

The U.S. historically has sourced its food aid from U.S. farmers and shipped it to needy countries on U.S. vessels. However, President George W. Bush is calling for Congress to support an initiative to provide food aid through direct purchase of crops grown in areas of need.

/ag/futuresource/storyId=125001636

CHICAGO (Dow Jones)--U.S. Department of Agriculture Secretary Ed Schafer said Tuesday soaring food prices are creating "a huge international situation" and that the government's response requires a shift in its approach to public policy.

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Farm and ranch risk management resources By: 07/07/2010 @ 9:10am Government resources USDA Risk Management Agency Download free insurance program and…

Major types of crop insurance policies By: 07/07/2010 @ 9:10am Crop insurance for major field crops comes in two types: yield-based coverage that pays an…

Marketing 101 - Are options the right tool… By: 07/07/2010 @ 9:10am "If you are looking for a low risk way to protect yourself against prices moving either higher or…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Holiday Profit Taking Pressures Markets