Is the World Running Out of Grain?

May 01, 2022 at 07:05 AM CST
Concerns over the world’s supplies of grains and oilseeds are prompting the Biden administration to step in and encourage more production. Grain analysts say while there’s no doubt supplies of grains are tight due to the situation in Ukraine, the world isn’t running out of grain. Just this week, the Biden administration announced they are calling on Congress to approve additional aid to Ukraine, which includes providing an additional $500 million in aid to U.S. farmers to boost the production of crops such as wheat and soybeans.

May 01, 2022 at 07:05 AM CST

Concerns over the world’s supplies of grains and oilseeds are prompting the Biden administration to step in and encourage more production. Grain analysts say while there’s no doubt supplies of grains are tight due to the situation in Ukraine, the world isn’t running out of grain. Just this week, the Biden administration announced they are calling on Congress to approve additional aid to Ukraine, which includes providing an additional $500 million in aid to U.S. farmers to boost the production of crops such as wheat and soybeans.