foreign donations programs - PDF, 101 mb - usaid

TABLE Ill.-Major commodity exports under Public Law 480 compared with total U.S. exports in the calendar year 1965
Edible
Program Wheat I Corn 2 Milled Cotton vegetable
rice oils 3
Public Law 480:
Title I -----------------------------------------------------
Title II ----------------------------------------------------
Title III :
Barter -------------------------------------------------
Donations ---------------------------------------------
Title IV ----------------------------------------------------
Total ----------------------------------------------------
Mutual Security (AID) I -----------------------------------------
Commercial sales ' ----------------------------------------------
Total exports --------------------------------------------
Total Public Law 480 exports as percent of total exports--------------
Million Million Million Thousand Million
bushels bushels cwt. bales pounds
1 Wheat and wheat equivalent of flour.
2 Corn and corn equivalent of cornmeal.
- Includes edible vegetable oils and oil equivalent of soybeans and peanuts.
4Expenditures for economic aid tinder commodity and development loan programs, Public Law 87-195.
5Less than 500,000 units.
Commercial sales for dollars include, in addition to unassisted commercial transactions, shipments of some commodities with
governmental assistance in the form of short- and medium-term credit export payments, and sales of Government-owned commodities
at less than domestic market prices.
Operations under Public Lav 480 have assisted in
reducing warehouse stocks, thereby reducing costs to
the American taxpayer of storing and servicing food
surpluses.
The almost $110 million equivalent spent on agricultural
market development overseas has contributed significantly
to the expansion of regular commercial export
markets for U.S. farm products-markets that have
grown from $2.7 billion in 1954 to almost $4.8 billion in
1965. During this period, regular overseas commercial
markets for U.S. rice, wheat, soybeans, and cotton have
tripled, and for feedgrains and poultry have increased
five-fold,
A prime objective of Food for Peace is to move fron
aid to trade. E:perience has shown that as countries
360
23
29
22
45
479
(1)
241
720
67
11 12 404 466
4 31
10 381 216
10 204
13 1 83 73
48 13 868 990
1 ( () )-- ------ 24
560 21 2,927 3,571
609 34 3.795 4,585
8 38 23 22
progress economically, they can shift from purchases with
local currency to long-term dollar credit purchases,
eventually completing the transition from food aid to
commercial trade. A number of countries, once large
recipients of U.S. food aid, are now major cash buyers
of American farm products. Other nations, once heavily
dependent upon local currency purchases under title I to
meet food imports from the United States, have progressed
to long-term dollar credit purchases tinder title IV.
The transition of nations from aid to trade is important
to the United States in increasing dollar markets and
strengthening our balance of payments. But it is also
an important measure of the success of our foreign policy
goal of helping friendly countries move toward selfreliance
and economic independence.
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