{"id":26567,"date":"2023-06-23T13:01:10","date_gmt":"2023-06-23T17:01:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/us-farm-agency-to-spend-2-3-billion-on-food-programs-as-pandemic-aid-ends\/"},"modified":"2023-06-23T13:01:11","modified_gmt":"2023-06-23T17:01:11","slug":"us-farm-agency-to-spend-2-3-billion-on-food-programs-as-pandemic-aid-ends","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26567","title":{"rendered":"US farm agency to spend $2.3 billion on food programs as pandemic aid ends"},"content":{"rendered":"
\n

By Leah Douglas<\/p>\n

WASHINGTON (Reuters) – The Biden administration will spend $2.3 billion on food purchases for schools and food banks as the end of pandemic-era aid leads to rising food insecurity, the Department of Agriculture said on Friday. <\/p>\n

Supplemental food aid for low-income families and schools tied to the COVID-19 pandemic has mostly expired. Food banks and other emergency food providers have reported near-record demand as food price inflation continues to strain household budgets. <\/p>\n

“It\u2019s important for the USDA to utilize (its resources) to be able to provide some level of relief from these challenging times,” Agriculture Secretary Tom Vilsack said in a call with reporters.<\/p>\n

The USDA will provide nearly $1.3 billion to states and territories for additional food purchases for school meal programs, which the agency said is needed due to the expiration of a 2022 law that temporarily increased funding to those programs.<\/p>\n

It will also distribute nearly $1 billion to organizations like food banks and community kitchens for commodity purchases from U.S. farmers.<\/p>\n

More than 12 million U.S. households reported picking up free groceries in a May 17 survey on food insufficiency by the U.S. Census Bureau, up 17% from a January survey, when the figure was about 10.4 million households.<\/p>\n

Vilsack also said the USDA is making an additional $400 million in grants available to U.S. fertilizer producers, on top of a previously announced $500 million, to shore up domestic production as farmers weather price hikes in part due to the ongoing war in Ukraine. <\/p>\n

The money comes from the USDA’s Commodity Credit Corporation, an entity funded by the U.S. Treasury to support the domestic farm economy. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Leah Douglas WASHINGTON (Reuters) – The Biden administration will spend $2.3 billion on food purchases for schools and food banks as the end of pandemic-era aid leads to rising food insecurity, the Department of Agriculture said on Friday. Supplemental food aid for low-income families and schools tied to the COVID-19 pandemic has mostly expired. 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