President Joe Biden plans to travel on Wednesday to an Illinois farm to emphasize how U.S. agricultural exports can relieve the financial pressures being felt worldwide.
The trip to Illinois on Wednesday is an opportunity for Biden to tackle two distinct challenges that are shaping his presidency: high inflation and war in UkrainePresident Joe Biden wants to put a spotlight on the spike in food prices from Russia's invasion of Ukraine when he travels to an Illinois farm to emphasize how U.S. agricultural exports can relieve the financial pressures being felt worldwide.
The war in Ukraine has disrupted the supply of that country's wheat to global markets, while also triggering higher costs for oil, natural gas and fertilizer. The U.N. Food and Agriculture Organization said its food price index in April jumped nearly 30% from a year ago, though the index did decline slightly on a monthly basis. Americans are also bearing some pain as food prices are up 8.8% from a year ago, the most since May 1981.
The trip to Illinois on Wednesday is an opportunity for Biden to tackle two distinct challenges that are shaping his presidency. First, his approval has been dogged by high inflation and his visit will coincide with the release of the May consumer price index, which economists say should show a declining rate of inflation for the first time since August.
But much more broadly, it's an opportunity to reinforce America's distinct role in helping to alleviate the challenges caused by the war in Ukraine. The trip follows a similar pattern as Biden's recent visit to an Alabama weapons factory highlighted the anti-tank Javelin missiles provided by the U.S. to Ukraine.
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