Almost since the beginning of time, people have put food away in times of plenty to ensure they have food in times of need. Many countries, including the United States, have utilized food reserves over the years for a number of reasons like addressing hunger, stabilizing food prices and ensuring a fair return to farmers.
Now, as global hunger has surpassed one billion people, and the global cereal stocks/to use ratio has tightened, there is talk at the international level of food reserves. At the G-8 meeting in July, leaders agreed to explore: "The feasibility, effectiveness and administrative modalities of a system of stockholding in dealing with humanitarian food emergencies or as a means to limit price volatility need to be further explored." These sentiments were further supported at the G-20 meeting in Pittsburgh last month.
In light of this interest, IATP and Action Aid are co-sponsoring an open briefing, "Food Reserves: Facing the Hunger Challenge" in Washington, D.C., on October 15. Representatives from Brazil, Canada, West Africa, Mexico and the United Kingdom will meet with U.S. agriculture experts to discuss:
past experiences with food reserves at the country and regional level;
what role international institutions might play within a food reserve system;
the opportunities and pitfalls of a strategic grain reserve in the U.S.
We hope you can join us. Watch the below video with IATP's Alexandra Spieldoch to learn more about the food reserve meeting.