USA: Veneman offers a sweeping change in US farm policy
Veneman's approach no doubt will invite criticism also because it seeks to adapt to, rather than resist, the consumer-driven "supply chain" forces rapidly altering the food and agricultural system. Considering such economic forces inevitable, the policy highlights the benefits both producers and processors can derive from contract arrangements. It fully endorses biotechnology but concedes new institutional arrangements may be needed to realise its benefits.
In addition, Veneman suggests increased attention to research and control of animal and plant diseases and protection of food safety, more environmental benefits in return for conservation payments, creation of new jobs in rural areas, stronger focus on nutrition and "particular attention in the delivery of food assistance for low-income families."
US farm supports would have to be scaled back from the record costs under "Freedom to Farm" programs so as not to encourage excessive production and reliance on government and to give US trade negotiators ammunition to press for ending market access barriers and export subsidies by other countries. It would move further away from supporting the price of farm commodities and put more emphasis on farmers' income.
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units