USDA Humanitarian Wheat Sale Leaves 2.1 Million Bushels On Hand - CCC Supplies Effectively At Zero

[hatrack]

WASHINGTON - Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced (that) the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust.

“According to the May 1, 2008 CCC inventory report there are o­nly 24.1 million bushels of wheat in inventory, so after this sale there will be o­nly 2.7 million bushels of wheat left the entire CCC inventory,” warned Matlack. “Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitarian food relief. Our concern is that the U.S. has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve. The o­nly thing left in the entire CCC inventory will be 2.7 million bushels of wheat which is about enough wheat to make ½ of a loaf of bread for each of the 300 million people in America.”

The CCC is a federal government-owned and operated entity that was created to stabilize, support, and protect farm income and prices. CCC is also supposed to maintain balanced and adequate supplies of agricultural commodities and aids in their orderly distribution.

“This lack of emergency preparedness is the fault of the 1996 farm bill which eliminated the government’s grain reserves as well as the Farmer Owned Reserve (FOR),” explained Matlack. “We had hoped to reinstate the FOR and a Strategic Energy Grain Reserve in the new farm bill, but the politics of food defeated our efforts. As farmers it is our calling and purpose in life to feed our families, our communities, our nation and a good part of the world, but we need better planning and coordination if we are to meet that purpose. AAM pledges to continue our work for better farm policy which includes an FOR and a Strategic Energy Grain Reserve.”

EDIT

http://www.tristateobserver.com/modules.php?op=modload&name=News&file=article&sid=10121

Link to USDA Inventory Report here - be sure to check out the quantities of other food supplies on hand!!

http://www.fsa.usda.gov/Internet/FSA_File/wid2a.pdf

[hatrack]

1. Shameless self-kick for totally drained government food stocks

Call me crazy, but I though this was kind of an important story.

[phantom power]

2. Grain stocks were a symptom of market oversupply.

We should all welcome our new, properly balanced, supply and demand.

[hatrack]

4. Just think of how many Invisible Hands will be there to harvest this year's wheat and corn!

Why, it's enough to inspire thoughts of happy farmers and workers toiling together (with slight fixes to emphasize the free-market over the kinds of renditions shown here, of course!):

[kestrel91316]

3. They sold off ALL our wheat reserves??? ALL OF THEM????

Those sick fucks. With the flooding in the Midwest our harvest is gonna be down. They are TRYING to starve us.

[Nihil]

5. K & R

I thought it was only the Mugabes of the world that did dumb things like this.
:shrug:

[progressive_realist]

6. This is a good thing

Shows how flawlessly they implemented their new just-in-time (JIT) inventory system. Viva modernization!

:sarcasm: