OFB President featured on Fox Business story covering USDA meat purchase
On Aug. 13, The USDA announced their intent to purchase pork, chicken, catfish and lamb to assist agricultural producers.
The USDA press release details the program:
Agriculture Secretary Vilsack Announces Meat Purchase to Assist Livestock Producers Impacted by Drought; Bolster Federal Nutrition Programs
WASHINGTON, Aug. 13, 2012 – As part of the Obama Administration's commitment to do everything it can to help farmers, ranchers, small businesses, and communities being impacted by the nation's persistent drought, Agriculture Secretary Tom Vilsack today announced USDA's intent to purchase up to $170 million of pork, lamb, chicken, and catfish for federal food nutrition assistance programs, including food banks. The purchase will help relieve pressure on American livestock producers during the drought, while helping to bring the nation's meat supply in line with demand while providing high quality, nutritious food to recipients of USDA's nutrition programs.
"President Obama and I will continue to take swift action to get help to America's farmers and ranchers through this difficult time," said Vilsack. "These purchases will assist pork, catfish, chicken and lamb producers who are currently struggling due to challenging market conditions and the high cost of feed resulting from the widespread drought. The purchases will help mitigate further downward prices, stabilize market conditions, and provide high quality, nutritious food to recipients of USDA's nutrition programs."
Today, USDA announced its intention to purchase up to $100 million of pork products, up to $10 million of catfish products, up to $50 million in chicken products, and up to $10 million of lamb products for federal food nutrition assistance programs, including food banks. Through the Emergency Surplus Removal Program, USDA can use Section 32 funds to purchase meat and poultry products to assist farmers and ranchers who have been affected by natural disasters. The pork, lamb and catfish purchases are based on analyses of current market conditions. A major factor affecting livestock producers is the value of feed, which is currently running high because of the drought.
OFB President Mike Spradling was featured on Fox Business news on Aug. 13 discussing the impact of the 2012 drought and the USDA program.