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Public Law 480 Title I
Provides for government-to-government sales of U.S. agricultural commodities to developing countries on credit terms or for local currencies. Depending on the agreement, commodities provided under the program may be sold in the recipient country and the proceeds used to support agricultural, economic, or infrastructure development projects.
Agreements under the Title I credit program may provide for repayment terms of up to 30 years, low interest rates, and grace periods of up to 5 years. This program is geared primarily toward countries that have a shortage of foreign exchange earnings and are experiencing difficulty in meeting their food needs through commercial channels. Priority goes to countries with the greatest need for food that are undertaking economic development to improve food security and agricultural development, alleviate poverty, and promote broad-based, equitable, and sustainable development. These countries also must have the potential to become commercial markets for U.S. agricultural commodities.
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Section 416
(b)
This Program is authorized by the Agricultural Act of 1949, as amended. This program provides for overseas donations of surplus commodities acquired by the CCC. Donations may not reduce the amounts of commodities that are traditionally donated to U.S. domestic feeding programs or agencies, and may not disrupt normal commercial sales. Availability of commodities under Section 416(b) depends on CCC inventories and acquisitions, and programming varies from year to year. The commodities are made available for donation through agreements with foreign governments, private voluntary organizations, cooperatives, and intergovernmental organizations. Depending on the agreement, the commodities donated under Section 416(b) may be sold in the recipient country, and the proceeds used to support agricultural, economic, or infrastructure development programs.
The proceeds of this agreement is being used in Peru for specific projects, which include, livestock improvement, sanitary and phytosanitary training for Peruvian officials and strengthening the Peruvian Agricultural Research Agency.
Summary of Food Aid in Peru (PL-480, Title I
and 416(b))
| Fiscal
Year |
Program |
Commodity |
Quantity
(metric tons) |
Value of
Agreement ($million) |
Value of
Monetization ($million) |
| 2000 |
PL-480, Título I |
trigo |
40,000 |
5.0 |
8.3 |
| |
Sección 416(b) |
trigo |
40,000 |
5.0 |
8.3 |
| 2001 |
PL-480, Título I |
trigo |
70,800 |
10.0 |
16.0 |
| 2002 |
PL-480, Título I |
trigo |
72,000 |
10.0 |
16.05 |
| Total |
222,800 |
30.0 |
48.65 |
Food for
Progress
This Program is authorized by the Food for Progress Act of 1985, provides for the donation or credit sale of U.S. commodities to developing countries and emerging democracies to support democracy and an expansion of private enterprise. To date, all food aid under this program has been by donation. Commodities may be provided under the authority of P.L. 480 or Section 416(b). USDA=s Commodity Credit Corporation (CCC) may also purchase commodities for use in the program. Depending on the agreement, the commodities donated through Food for Progress may be sold in the recipient country, and the proceeds used to support agricultural, economic, or infrastructure development programs. Assistance is provided through foreign governments, private voluntary organizations, nonprofit organizations, cooperatives, or intergovernmental organizations.
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