Blog: Dean BestUS government buys up meat to help drought-hit farmers

Dean Best | 14 August 2012

Obama and Vilsack in Iowa to view drought-hit crops. (c. USDA photo by Dave Kosling).

Obama and Vilsack in Iowa to view drought-hit crops. (c. USDA photo by Dave Kosling).

The US government has moved to offer some assistance to farmers affected by the country's drought and announced plans to buy US$170m of meat.

The pork, lamb and chicken will be used for US federal food programmes like food banks and for school food.

Agriculture Secretary Tom Vilsack said: "These purchases will assist pork, catfish, chicken and lamb producers who are currently struggling due to challenging market conditions and the high cost of feed resulting from the widespread drought. The purchases will help mitigate further downward prices [and] stabilise market conditions."

The announcement came as President Obama begun a three-day campaign trail in Iowa, a rural and key battleground state in the upcoming election in November.

US pork producers said they were "grateful" for the move.

 

"This purchase will help pork producers who are struggling with the effects of this severe drought, which has adversely affected much of the nation's corn crop," said R.C. Hunt, president of the National Pork Producers Council. "In fact, many producers still face the prospect of severe losses because of record-high feed prices, which have gone up because of the drought."

 


BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

BLOG

UK M&A deal volumes slide in early months of 2017

Fresh data from Grant Thornton indicates the number of mergers and acquisitions in the UK food and drink sector fell to the lowest level for over two years in the first quarter of in 2017 - but the ac...

BLOG

Food policy returns to focus in Westminster

Amid the political turmoil in the UK caused by the EU Referendum, the resignation of a Prime Minister, subsequent burning debates over the Brexit “divorce” settlement and now by the surprise announcem...

BLOG

Danone closes WhiteWave, who will acquire Stonyfield?

Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...

just-food homepage



Forgot your password?