international food reserve system

international food reserve system Sec. 212. The Agricultural Trade Development and Assistance Act of 1954 is amended by adding at the end thereof the following new section: “Sec. 412. The President is authorized and encouraged to seek international agreement, subject to congressional approval, for a system of food reserves to meet food shortage emergencies and to provide insurance against unexpected shortfalls in food production, with costs of such a system to be equitably shared among nations and with farmers and consumers to be given firm safeguards against market price disruption from such a system.”.