Des Moines, Iowa, October 24, 2023 — Agriculture Secretary Tom Vilsack revealed today that the U.S. Department of Agriculture (USDA) is offering $2.3 billion to assist American manufacturers keep and establish markets for their products and utilize U.S. products to reinforce global food help.
Constant with a bipartisan demand from the Senate Committee on Agriculture, Nutrition, and Forestry, USDA is using funds from the Commodity Credit Corporation (CCC) to attend to obstacles connected to trade and food insecurity affecting U.S. farmers and the worldwide neighborhood. USDA will utilize:
- $1.3 billion for the Regional Agricultural Promotion Program and assistance for specialized crop markets to diversify export markets.
- $1 billion to assist deal with worldwide cravings.
“The Commodity Credit Corporation continues to resolve the requirements of American manufacturers as considerable and unforeseeable difficulties occur, consisting of effects to worldwide products markets and worldwide food insecurity in the wake of continuous dispute and an altering environment,” stated Secretary Vilsack. “The Commodity Credit Corporation and USDA’s market advancement and help programs are seriously essential at this time, and with this extra assistance we can enhance U.S farming’s existence in existing markets, open brand-new market chances, and develop on our relationships and connections to guarantee that premium American farming and food reach where they are required worldwide.”
Secretary Vilsack made today’s statement as part of the World Food Prize’s Borlaug Dialogue that is kept in Des Moines, Iowa each October and combines world leaders and specialists to resolve worldwide food security problems. This statement begins the heels of the 90th anniversary of the CCC, which was integrated on October 17, 1933 in respo