Home World News Biden Sees Bigger Role for US Farms Due to Ukraine War –...

Biden Sees Bigger Role for US Farms Due to Ukraine War – NBC4 Washington

3

President Joe Biden wants to put a spotlight on the spike in food prices from Russia’s invasion of Ukraine when he travels to an Illinois farm to emphasize how U.S. agricultural exports can relieve the financial pressures being felt worldwide.

The war in Ukraine has disrupted the supply of that country’s wheat to global markets, while also triggering higher costs for oil, natural gas and fertilizer. The U.N. Food and Agriculture Organization said its food price index in April jumped nearly 30% from a year ago, though the index did decline slightly on a monthly basis. Americans are also bearing some pain as food prices are up 8.8% from a year ago, the most since May 1981.

The trip to Illinois on Wednesday is an opportunity for Biden to tackle two distinct challenges that are shaping his presidency. First, his approval has been dogged by high inflation and his visit will coincide with the release of the May consumer price index, which…

Click here for full article…