Jay O'Neil
@IGPJay
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Old Grain Trader. World Traveler, Wine Enthusiast, Emeritus Marketing Economist at IGP-KSU and International Consultant.
Eagle Point, OR
Joined September 2012
Only thing worse than the Chiefs tonight was the halftime show
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RT @InvestingCanons: “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effecti…
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RT @PHDChicago: Updated South America Soybean Production: - 231 MMTs (+/- 3 MMTs) - Range 228-234 MMTs New record by > 10 MMTs!👀 Despite…
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RT @LTDManagement: Panama Canal Authority Denies U.S. Claim of Free Transit for Military Vessels
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RT @KobeissiLetter: BREAKING: The State Department announces that U.S. Government vessels can now transit the Panama Canal without charge f…
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RT @SteveRattner: Just a reminder that Musk’s companies have received over $15 billion from the US government — he’s happy to go after USAI…
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RT @LTDManagement: Suez Canal transits are not rising. After ceasefire. Maritime is not trusting Houthis and ceasefire holding. Red Sea.
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PL480 is a U.S. food aid program and does require the purchase of U.S. crops/products. And it requires that the food aid be shipped on U.S. flag Jones Act vessels. Jones Act vessel freight is about 4X higher than open world freight.
@IGPJay Question: Isn't PL 480 separate from USAID , exclusively U.S. origin ? As for your question(s), I vote for the most efficient means to maximize the benefit for the intended targets.
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And something we normally don't normally recognize, Outside Food aid often destroys local farming and food production, as free food from the outside is tough to compete with.
Just to add to the USAID bon fire, learned last month in DC that when they’re sending grain to poor countries, they’re under no obligation to send US grain and often don’t. Our tax dollars, buying foreign grain. Makes sense if you don’t think about it.
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Always brings up the question, given limited budgets, should U.S. Food Aid programs focus on originating the biggest possible volumes of food to serve the greatest number of needy people? Or, should they instead focus on being a demand and support program for U.S. farmers?
Just to add to the USAID bon fire, learned last month in DC that when they’re sending grain to poor countries, they’re under no obligation to send US grain and often don’t. Our tax dollars, buying foreign grain. Makes sense if you don’t think about it.
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The American consumer will pay the price for the imposed tariffs. So will the American farmer.
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RT @tx_marcelo: @EduardoVanin4 It seems fire was controlled and operations were resumed. At least that is what Rumo is saying. Some damage…
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