Is there value in investing in the development of other countries when so many Midwestern farmers will likely face a deficit this year? Should international investments be reallocated to benefit local family farms struggling to pay their bills?
The U.S. invests about $49 billion in the development of international economies, according to the U.S. Agency for International Development, or USAID. While that money would greatly benefit domestic farmers today, investing internationally can bring major long-term benefits and solutions to local farmers and can provide new sources of revenue for future generations. It also helps reduce costs for the U.S. in the future.