White House Enlists 45 Companies to Invest in Food Production for the World’s Poor

Dr. Rajiv Shah, Administrator of the United St...

The largest international effort in decades to combat hunger by investing in the fundamentals . . .

The Obama administration has drafted some of the world’s largest food and finance companies to invest more than $3 billion in projects aimed at helping the world’s poorest farmers grow enough food to not only feed themselves and their families but to earn a livelihood as well.

President Obama and the leaders of four African countries will introduce the group of 45 companies, the New Alliance for Food Security and Nutrition, on Friday at a symposium on food security and agriculture that will begin the summit meeting of the Group of 8 industrialized nations this weekend at Camp David in Maryland.

“We are never going to end hunger in Africa without private investment,” said Rajiv Shah, the administrator of the United States Agency for International Development. “There are things that only companies can do, like building silos for storage and developing seeds and fertilizers.”

The alliance includes well-known multinational giants like Monsanto, Diageo and Swiss Re as well as little-known businesses like Mullege, an Ethiopian coffee exporter.

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via New York Times – Stephanie Strom

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