ABSTRACT

Agricultural Export and Food Aid Programs [updated June 14, 2002]   [open pdf - 80KB]

"The U.S. Department of Agriculture (USDA) forecasts that FY2002 agricultural exports will be $53.5 billion. Projected imports of $40 billion will result in an export surplus of $13.5 billion, which represents a slight annual increase in the trade balance of $200 million. Farm exports that have declined from the $60 billion reached in 1996, together with lower U.S. prices, are among reasons for recent large food aid and export program measures taken by USDA in recent years to boost U.S. agricultural exports. These measures include the purchase and donation as food aid of large wheat, a $300 million (640,000 mt) pilot global school feeding program beginning in FY2000, and large export credit guarantees in both FY2000 and 2001. The 2002 farm bill (P.L. 107-171), the Farm Security and Rural Investment Act (FSRIA), and permanent legislation authorize four kinds of federal programs to support agricultural exports: direct subsidies, market promotion, export credit guarantees, and foreign food aid. Legislative authority for most of these programs now expires at the end of 2007. Export subsidies, but not other types of export and food aid programs, are subject to reduction commitments in the Uruguay Round Agreement on Agriculture (URAA)."

Report Number:
CRS Issue Brief for Congress, IB98006
Author:
Publisher:
Date:
2002-06-14
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Department of State: http://www.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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