Biden Administration Announces $2.1 Billion To Strengthen Food System

Jaime E. Love

The Biden administration announced on Wednesday more than $2.1 billion in funding to shore up weaknesses in the country’s food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine.

Near-record food prices have challenged governments around the world, and the Biden administration’s handling of inflation is a major concern for voters ahead of midterm elections in November.

U.S. Agriculture Secretary Tom Vilsack unveiled the new funding, designed to enhance competition in food processing and distribution, increase access to healthy food, and expand markets for farmers, during a speech at Georgetown University.

Worker illness and other disruptions during the COVID-19 pandemic caused delays and log jams in the food supply chain, and Russia’s invasion has led to higher prices for agricultural inputs and food products, indications that the U.S. food economy needs to be made more robust, Vilsack told Reuters ahead of the speech.

Read More