Report shows US foreign agricultural assistance generates major benefits for US economy, diplomacy, national security
The Board for International Food and Agriculture Development (BIFAD), an advisory board appointed by the President to the US Agency for International Development, issued a report showing that the US broadly benefits from the agricultural assistance it provides partner countries. The report was prepared by the International Food Policy Research Institute.
BIFAD's report, issued at the same time as the World Food Prize, found specifically that US agricultural assistance has broad economic, national security, and diplomatic benefits. Annually, the US exports a total of US$90 billion in agricultural goods to partner countries which generates US$259 billion in US economic activity. The report found that by increasing agriculture capacity and production in partner countries, agriculture assistance increases incomes and fuels demand for goods and services abroad.