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07/17/2007

USDA Uses Barter For Food Assistance Program

The U.S. Department of Agriculture will barter about $50 million worth of government-owned bulk commodities to U.S. food processors in exchange for further processed agricultural products that will be distributed through USDA domestic and international food assistance programs.

The barter initiative will provide benefits to those in need both domestically and internationally, and it will save taxpayers� dollars by reducing government costs while enhancing storage space available for 2007 crops.

Domestic food assistance programs will receive 80% of the value of the commodities that are stored by USDA. This initiative will provide additional commodities to food banks and other entities to help meet food assistance needs. The remainder will be used in the McGovern-Dole International Food for Education and Child Nutrition Program.

The McGovern-Dole Program helps promote education, child development, and food security for some of the world�s poorest children. It provides for donations of U.S. agricultural products, as well as financial and technical assistance, for school feeding and maternal and child nutrition projects in low-income countries.


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