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For Soybean Farmers

"The World Initiative for Soy in Human Health offers a win-win opportunity for soybean farmers. First, the program will help to increase the price of soybeans by alleviating current surplus, and in turn, lower loan deficiency payments and USDA marketing loans to producers. That could be a substantial net tax savings for US citizens. We also succeed as food providers in the global community by helping feed hungry, sick people around the world,"

— Dwain Ford, Chairman - American Soybean Association

  • USDA data shows that 40 percent of current agricultural exports go to countries that are former food aid recipients. South Korea and the Philippines are prime example of countries that received US food aid and have grown into strong customers for U.S. soy.

  • Korea was the largest customer of U.S. soybean oil in 1999 with purchases of $61 million in addition to $224 million in whole soybean purchases.

  • Another aid recipient, the Philippines, was the #1 export market for U.S. soybean meal in 1999, with $137 million.

  • U.S. international assistance programs pushed 14.8 million bushels of U.S. soy products overseas in 2000.

  • The United States provides approximately half of all commodities donated through the United Nations World Food Programme.

  • Agriculture isn't the only U.S. business sector to benefit from foreign assistance. U.S. exports to developing countries rose in 1998 to $287.3 billion, accounting for 42 percent of total U.S. global trade. The U.S. Agency for International Development estimates the surge in trade with developing countries has supported roughly 1.5 million new U.S. jobs.

  • Proper nutrition not only boosts household income but income growth at the national level as well.




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For Soybean Farmers

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WISHH Progress Report
2000-2002
(pdf)

 

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