U.S. to buy 475,000 tonnes of wheat to aid farmers
August 01, 1999
by Teresa Acklin
WASHINGTON The U.S. Agriculture Department recently announced it would buy 475,000 tonnes of wheat to aid farmers who have been affected by overflowing supplies and extremely low prices for the last year. The wheat will be donated to the needy in countries like Bangladesh, Indonesia, the Dominican Republic, Nicaragua and other countries, the U.S.D.A. said. “U.S. farmers are hurting,” U.S. Secretary of Agriculture Dan Glickman said in a statement. “Instead of sitting in grain bins, this surplus wheat will be sent to countries around the world where it will help feed people in need.” Grain prices in the U.S. in the past year have fallen to their lowest levels in three decades due to huge worldwide supplies and lackluster export demand spawned by the Asian economic crisis.