Biden visits an Illinois farm to illustrate Russian-caused food prices

Biden visits an Illinois farm to illustrate Russian-caused food prices

“Right now, America is fighting on two fronts. At home, it’s inflation and rising prices. Abroad, it’s helping Ukrainians defend their democracy and feeding those who are left hungry around the world because Russian atrocities exist,” Biden said. The visit comes as the White House is struggling to rein in inflation on many fronts, from gasoline to food. U.S. gas prices hit record highs on Tuesday, and Russia’s invasion of Ukraine in late February dramatically worsened the outlook for food prices.

President Joe Biden visited a family farm in Illinois on Wednesday, blaming Russia’s conflict on Ukraine for the latest jump in global food prices and promising to back the country’s farmers as they try to cover the supply gap. Biden claimed that American farmers helped carry the country through the COVID-19 outbreak and the current Ukraine situation. “You are the backbone of freedom,” he remarked after a visit of Jeff and Gina O’Connor’s 800-acre (320-hectare) family farm in Kankakee.

The White House announced actions on Wednesday aimed at helping U.S. farmers boost food production and lower food prices, including doubling funding for domestic fertilizer production and increasing technical help for nutrient management tools. The administration will also increase the number of counties eligible for double cropping insurance for planting a second crop on the same land in the same year, the White House said.

Biden declared this week that combating inflation is the administration’s No. 1 priority, echoing repeated national polls that show Americans see it as their greatest concern. New data on Wednesday showed U.S. consumer prices rose at a slower, but still significantly elevated, pace. The Labor Department said prices across the economy rose 8.3% over the 12 months through April. Food prices alone gained 9.4% over that period.

The U.N. food agency recently said food prices hit an all-time record in February and again in March, building on previous COVID-driven price spikes. Russia and Ukraine account for nearly a third of global wheat and barley production, and two-thirds of the world’s exports of sunflower oil used for cooking. While in Illinois, Biden also visited Chicago where he thanked unions for their support and touted his job creation record to a raucous crowd of 3,500 union members from across the United States and Canada at a convention hosted by the International Brotherhood of Electrical Workers.

“You all brought me to the dance, and I mean it,” Biden said, calling himself the most pro-union president and lauding the middle class, which he said built America, thanks to union support. “Look folks, our economy has gone from being on the mend to being on the move,” he said. Biden also defended the fiscal stimulus he championed during the pandemic against criticism that it drove up inflation. “What did the MAGA crowd wanna do? Forget it,” he said, adding to his recent attacks on the Republican movement started by former President Donald Trump.

But the President took a more reflective tone at a Chicago fundraiser later in the evening, acknowledging that soaring prices would beset his party’s efforts to defeat Trumpism. “It’s going to be hard because inflation is gonna scare the living hell out of everyone.”

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Biden kicks off his Asia trip discussing global challenges and technology
Biden kicks off his Asia trip discussing global challenges and technology
The Samsung visit was a nod to one of Biden’s key domestic priorities: increasing the supply of computer chips. A semiconductor shortage last year hurt the ...
Gearbox is expanding, with “nine AAA games” in the works
Gearbox is expanding, with “nine AAA games” in the works
Gearbox continues to scale the organization to deliver on its ambitious growth plan, and there are currently nine AAA games under development. After the ...
Twitter launches crisis policy to hide tweets with misinformation
Twitter launches crisis policy to hide tweets with misinformation
“We are introducing our crisis misinformation policy — a global policy that will guide our efforts to elevate credible, authoritative information, and will ...
European stocks rise on defensives, but week continues to fall
European stocks rise on defensives, but week continues to fall
Travel and tourism stocks, financial services , healthcare and utilities led gains in Europe, rising between 1.5% and 2.0%, lifting the pan-European STOXX ...
Some Samsung Phones Now Enable Android Visible eSIM
Some Samsung Phones Now Enable Android Visible eSIM
Select Samsung phones are now compatible. An eSIM or embedded SIM works much like a normal SIM card. The only difference is that you don’t have to swap out ...
The world's most DIY-friendly laptop has received a significant upgrade
The world’s most DIY-friendly laptop has received a significant upgrade
In our Framework Laptop review from 2021 I enthused over the fact that Framework actually delivered on its promise of selling a laptop that’s more repairable ...
A Rising Tide In Q1 North American Phone Shipments, Motorola and Google Show Significant Improvements
A Rising Tide In Q1 North American Phone Shipments, Motorola and Google Show Significant Improvements
Apple expanded its lead over Samsung as the latter was able to increase its first-quarter shipments by only 1% in North America. The South Korean-based ...
Sebi introduces a new security cover certificate format and updates the term
Sebi introduces a new security cover certificate format and updates the term
It has specified the manner of preparation of security cover certificate by listed entity and DT. In addition, Sebi has revised timelines of submission of ...
FINANCIAL TIMES PRESS DIGEST - MAY 20
FINANCIAL TIMES PRESS DIGEST – MAY 20
British e-commerce company THG Plc said on Thursday it rejected an offer from two investment groups. The move comes as local entrepreneur Nick Candy’s ...
Spam calls are now more secure on your phone.  However, it is still not safe
Spam calls are now more secure on your phone. However, it is still not safe
The FCC took a step Thursday to try to cut down on robocalls, but some loopholes for spammers remain. (John Raoux / Associated Press) If you haven’t been ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo