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PRESIDENT BIDEN ANNOUNCES NEW ACTIONS TO MAKE FOOD MORE AFFORDABLE, LOWER COSTS FOR FARMERS
Source: The White House news release

Pandemic-related supply chain disruptions and Putin's Price Hike are increasing the price of food for working families here at home and leading to shortages of food in countries across the globe. Today, President Biden will visit a family farm to announce actions his administration is taking to support American farmers, reduce food prices, and feed the world.

Putin's unjustified invasion of Ukraine has cut off a critical source of wheat, corn, barley, oilseeds, and cooking oil. It has also disrupted global supply chains for fertilizer, which farmers depend on to maximize yields. These and other actions, combined with the ongoing pandemic-related disruptions to global supply chains, have put pressure on food prices, with global food prices increasing nearly 13 percent following Putin's invasion.

America's farmers are the breadbasket of democracy and are already playing a critical role in the fight against Putin's Price Hike. During President Biden's first year in office, American agricultural exports shattered all previous records, reaching a combined $177 billion, generating an estimated $378 billion in total economic output, and supporting 1.3 million jobs here in the United States.

To read the entire news release click here.


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