Is the U.S. Running out of emergency grain reserves?
"According to the May 1, 2008 CCC [USDA's Commodity Credit Corporation] inventory report there are only 24.1 million bushels of wheat in inventory, so after this sale there will be only 2.7 million bushels of wheat left the entire CCC inventory," warned [Larry Matlack, President of the American Agriculture Movement (AAM)].
"Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitarian food relief. Our concern is that the U.S. has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve. The only thing left in the entire CCC inventory will be 2.7 million bushels of wheat, which is about enough wheat to make 1â„2 of a loaf of bread for each of the 300 million people in America.