TeachMeFinance.com - explain Food Security Commodity Reserve
Food Security Commodity Reserve The term 'Food Security Commodity Reserve ' as it applies to the area of agriculture can be defined as ' A special reserve of up to 4 million metric tons of wheat, corn, sorghum, and rice to be used for international humanitarian purposes. This reserve created by the FAIR Act of 1996 is an expansion and replacement of the Food Security Wheat Reserve established by the Agriculture Act of 1980. The reserve is to be used to provide famine relief and other emergency relief when commodities are not available for programming under P.L. 480'.
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