FOOD SURPLUSES
To the textbook economists the problem is simple: the U.S. has too much food, and much of the world too little. So why not ship U.S. surpluses abroad? But the U.S. has found that what makes textbook economic sense does not necessarily make political sense. The fact is that in its worldwide effort to win friends and influence people for freedom, a major obstacle is the U.S. agricultural surplus. The total value of that surplus now stands at more than $7 billion. It is rising so fast that the Agriculture Department last week...
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