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Latest headlines

US, Honduras reach trade, agricultural development agreement

Sequester could cause billions of dollars in losses for meat producers
May 1, 2015

US, Honduras reach trade, agricultural development agreementDeputy Agriculture Secretary Krysta Harden and Honduras Secretary of Agriculture and Livestock Jacobo Paz signed an agreement this week supporting agricultural development and trade in Honduras, according to USDA.

Through the Food for Progress Program, USDA’s Foreign Agricultural Service will provide the government of Honduras with 30,000 metric tons of US yellow corn and 18,000 tons of US soybean meal, valued at approximately $17 million. The Honduran government will use proceeds from the sale of these commodities to implement projects that USDA says aim to improve agricultural productivity, enhancing farmers' access to information and market skills, building government capacity, and strengthening local, regional and international trade in agricultural products.

 "The Food for Progress Program is a cornerstone in USDA's efforts to support sustainable agricultural production in developing nations and promote agricultural trade," Harden said. "The Obama administration remains committed to investing in the creation of economic stability and opportunity in Central America. Today's agreement continues USDA's successful partnership with the Honduran government and the private sector under Food for Progress and the McGovern-Dole Food for Education Program. I am proud that our cooperative efforts are building a stronger agricultural sector, creating new opportunities and better lives for the people of Honduras." 

KEYWORDS: global economy trade USDA

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