Tom Harkin: “In addition to our discussion about title III, I would like to speak about my deep concern regarding the overall cuts in…”

“In addition to our discussion about title III, I would like to speak about my deep concern regarding the overall cuts in funding for the Public Law 480 Food for Peace Program in recent years. These cuts, combined with higher commodity prices and the virtual disappearance of surplus commodities, have caused a dramatic reduction in the volume of U.S. food aid. Since fiscal year 1993, total food aid provided by the United States has dropped by about two-thirds--from 8 million metric tons to about 2.8 million metric tons this fiscal year. The United States has been generous in providing food aid. Since its inception in 1954, our Food for Peace Program has delivered over 372 million metric tons of food to needy countries--and Americans sincerely want to help alleviate world hunger. We also realize that Public Law 480 assistance works to our own benefit. It is a win-win proposition for our farmers and agricultural businesses. In the short term, purchases for Public Law 480 shipments strengthen markets for U.S. commodities. Over the long term, Public Law 480 helps develop world markets for U.S. agricultural exports. Forty-three nations that once received U.S. foreign aid are now among the top consumers of U.S. agricultural products. It is very unfortunate that these cuts in Public Law 480 are occurring at a time when world food aid needs are growing dramatically.”