Only a few years ago, the nation's proliferating surpluses of wheat and corn seemed as immutable as original sin. Today, thanks to the 1954 Agricultural Trade Development and Assistance Actthe Food for Peace program the U.S. has whittled the hoard to less burdensome levels by simply selling, bartering and giving away $14 billion worth of surplus food and fiber in eleven years. In 1964 alone, Food for Peace shipments totaled $1.7 billion, one-third of all U.S. foreign aid.
However, the program so far has only palliated the world's long-term need for food. The earth's population, already underfed, is expected to double...