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Biden visits Illinois farm to highlight Russia-driven food inflation

Economic Indicators May 11, 2022 09:42PM ET
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2/2 © Reuters. U.S. President Joe Biden answers questions from the news media after delivering remarks on administration plans to fight inflation and lower costs during a speech in the Eisenhower Executive Office Building's South Court Auditorium at the White House in W 2/2

By Trevor Hunnicutt and Jarrett Renshaw

CHICAGO (Reuters) -U.S. President Joe Biden on Wednesday blamed Russia's war on Ukraine for the latest spike in global food prices and visited a family farm in Illinois where he pledged to support the nation's farmers as they seek to fill the supply shortage.

Biden said U.S. farmers have helped pull Americans through the COVID-19 pandemic and now the Ukraine crisis. "You are the backbone of freedom," he said, following a tour of an 800-acre (320-hectare) family farm in Kankakee owned by Jeff and Gina O'Connor.

"Right now, America is fighting on two fronts. At home, it's inflation and rising prices. Abroad, it's helping Ukrainians defend their democracy and feeding those who are left hungry around the world because Russian atrocities exist," Biden said.

The visit comes as the White House is struggling to rein in inflation on many fronts, from gasoline to food. U.S. gas prices hit record highs on Tuesday, and Russia's invasion of Ukraine in late February dramatically worsened the outlook for food prices.

The White House announced actions on Wednesday aimed at helping U.S. farmers boost food production and lower food prices, including doubling funding for domestic fertilizer production and increasing technical help for nutrient management tools.

The administration will also increase the number of counties eligible for double cropping insurance for planting a second crop on the same land in the same year, the White House said.

Biden declared this week that combating inflation is the administration's No. 1 priority, echoing repeated national polls that show Americans see it as their greatest concern.

New data on Wednesday showed U.S. consumer prices rose at a slower, but still significantly elevated, pace. The Labor Department said prices across the economy rose 8.3% over the 12 months through April. Food prices alone gained 9.4% over that period.

The U.N. food agency recently said food prices hit an all-time record in February and again in March, building on previous COVID-driven price spikes. Russia and Ukraine account for nearly a third of global wheat and barley production, and two-thirds of the world's exports of sunflower oil used for cooking.

While in Illinois, Biden also visited Chicago where he thanked unions for their support and touted his job creation record to a raucous crowd of 3,500 union members from across the United States and Canada at a convention hosted by the International Brotherhood of Electrical Workers.

"You all brought me to the dance, and I mean it," Biden said, calling himself the most pro-union president and lauding the middle class, which he said built America, thanks to union support. "Look folks, our economy has gone from being on the mend to being on the move," he said.

Biden also defended the fiscal stimulus he championed during the pandemic against criticism that it drove up inflation. "What did the MAGA crowd wanna do? Forget it," he said, adding to his recent attacks on the Republican movement started by former President Donald Trump.

But the President took a more reflective tone at a Chicago fundraiser later in the evening, acknowledging that soaring prices would beset his party's efforts to defeat Trumpism.

"It's going to be hard because inflation is gonna scare the living hell out of everyone."

Biden visits Illinois farm to highlight Russia-driven food inflation
 

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Comments (17)
gab nea
gab nea May 12, 2022 1:29AM ET
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no president can control inflation caused by the fed's triple quantitative easing under trump.
Ty Kjeldgaard
Ty Kjeldgaard May 11, 2022 11:54PM ET
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High fuel cost is the backbone of his disruptive economical mess. Every farmer is paying more to produce food. Open pipelines, drill more here and food prices will lower.
gab nea
gab nea May 11, 2022 11:33PM ET
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what a normal president after years of insanity!
The King
The King May 11, 2022 10:33PM ET
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Look at the mirror before blaming others.
Lionel Laurent
Lionel Laurent May 11, 2022 10:04PM ET
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Catastrophe le gouvernement
gab nea
gab nea May 11, 2022 10:04PM ET
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voux etes bete( accent grave)!
Lionel Laurent
Lionel Laurent May 11, 2022 10:02PM ET
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Menteur
Todd Holaday
JustWilliam May 11, 2022 10:01PM ET
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What a productive way for our potus to spend his time. Well done.
Todd Holaday
JustWilliam May 11, 2022 10:01PM ET
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Sarcasm, just in case you’re wondering
Christopher Arntz
Christopher Arntz May 11, 2022 9:59PM ET
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Biden is a disaster
ZS Beck
ZS Beck May 11, 2022 9:55PM ET
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We are fighting against Biden and we are losing
Junk Man
Junk_Man May 11, 2022 9:52PM ET
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The Biden inflation.
 
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