There are no more of those vast warehouses of food. They did away with them several years ago. They don’t eve keep strategic stores of grain any more.
“There are no more of those vast warehouses of food. They did away with them several years ago.”
Correctamundo. I think right here on FR there were articles about no more government cheese as those programs had come to a complete stop. Comments were made that many food banks and shelters relied on such provisions.
I find that to be unlikely. The Commodity Credit Corporation under the USDA, Americold Corporation, the surplus retained for emergency foreign food aid, etc., all still point to vast ongoing storage.
Importantly, it may not currently be directly *assigned* to price stabilization surplus, but it can all be shuffled around for whatever purposes are needed. A collapse of the EBT system would be one such purpose.
Kart,
May I get on your ping list, please?
Thanks,
RS