Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Sat Jul 21, 2012, 11:08 AM Jul 2012

The business of US food aid – interactive

http://www.guardian.co.uk/global-development/interactive/2012/jul/20/business-us-food-aid-interactive


Nearly $1bn was spent last year buying wheat, sorghum and other products for controversial US 'in-kind' food aid programmes. Explore which companies won food aid contracts, what they sold and where it went

*** explore at link

US food aid programme criticised as 'corporate welfare' for grain giants

http://www.guardian.co.uk/global-development/2012/jul/18/us-multinationals-control-food-aid


Sacks of American wheat destined for Afghanistan being unloaded in Peshawar, Pakistan. Three firms – ADM, Cargill and Bunge – accounted for two-thirds of all US food aid last year. Photograph: Peter Dejong/AP

Two-thirds of food for the billion-dollar US food aid programme last year was bought from just three US-based multinationals.

The main beneficiaries of the programme, billed as aid to the world's poorest countries, were the highly profitable and politically powerful companies that dominate the global grain trade: ADM, Cargill and Bunge.

The Guardian has analysed and collated for the first time details of hundreds of food aid contracts awarded by the US department of agriculture (USDA) in 2010-11 to show where the money goes.

ADM, incorporated in the tax haven state of Delaware, won nearly half by volume of all the contracts to supply food for aid and was paid nearly $300m (£190m) by the US government for it. Cargill, in most years the world's largest private company and still majority owned by the Cargill family, was paid $96m for food aid and was the second-largest supplier, with 16% of the contracted volume. Bunge, the US-headquartered global grain trader incorporated in the tax haven of Bermuda, comes third in the list by volume, and was paid $75m to supply food aid.
Latest Discussions»General Discussion»The business of US food a...