Improving the Effectiveness of PL 480 Food and Agricultural Commodity Assistance

Donald S. Ferguson

No 316640, USDA Miscellaneous from United States Department of Agriculture

Abstract: Excerpts from the report: The authorizing legislation for grant and concessional credit food and agricultural commodity assistance is The Agricultural Trade Development and Assistance Act (Public Law 480) of 1954 as amended. This paper provides a brief description of the major provisions of PL 480 as they relate to administration and programming of food and agricultural commodity assistance. The five principal food and commodity assistance programs are: Title I - Concessional loans to finance the purchase of surplus food and other agricultural commodities; Title II - Grants of food through private voluntary Agencies and the World Food Program; Title II, Section 206 - Grants of food to governments for resale to finance food distribution and development activities; Title III - Concessional loans as under Title I but with loans forgiveness provisions if the sales proceeds are used to finance a jointly agreed development program; and, Section 416 (of the Agricultural Act)- Grants of food commodities from surplus stocks of the Commodity Credit Corporation (CCC) for a variety of purposes including, "Food for Progress."

Keywords: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; International Development; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 25
Date: 1988-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:316640

DOI: 10.22004/ag.econ.316640

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