Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  E I Du Pont De Nemours And Co    DD

SummaryQuotesNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Nations Turn To Companies For Help In Food Aid - US Officials

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2012 | 12:15pm CET
   By Bill Tomson 
   Of  
 

The U.S. and other donor countries will turn to corporations to assist in a renewed effort to prevent starvation and spur agricultural development in needy countries, U.S. government officials said, previewing what President Barack Obama will say in a speech Friday.

The speech comes a day before the Group of Eight highly industrialized nations begins meetings in Camp David, Md. At the 2009 G-8 summit in L'Aquila, Italy, the countries agreed to set up a $22 billion fund at the World Bank to combat hunger by helping impoverished countries improve farming practices.

But there likely will not be any specific target for government donations announced this time, said Rajiv Shah, administrator of the U.S. Agency for International Development and White House Deputy National Security Advisor for International Economic Affairs Mike Froman.

"Going forward, our goal is to recognize that this is going to be a long-term effort," Shah said. "It will take at least a decade to achieve our objectives, and we want to maintain ... the level of support on an annual basis that the L'Aquila pledges represented."

The new factor in the effort, he said, will be the involvement of the private sector. Companies like DuPont and Vodafone will be providing specialized assistance that governments could not, Shah said.

Corporations are expected to commit to more than $3 billion worth of assistance in the G-8 effort, Shah said, but often it is hard to put a value on their contributions. DuPont, he said, has pledged to send scientists to Ethiopia to help improve crop yields.

Another company which has committed to help is Vodafone, which will provide 500,000 small farmers with cellular service to give them instant access to market pricing information, Shah said.

"In previous studies ... we've found that that service alone helps farmers improve their incomes by 20% because they can negotiate better farm-gate prices with middlemen when they have that data at their fingertips," Shah said.

-By Bill Tomson, Dow Jones Newswires; 202-646-0088; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on E I DU PONT DE NEMOURS AND
11/16 E I DU PONT DE NEMOURS AND : U.S. Patents Awarded to Inventors in Delaware (Nov...
11/06 E I DU PONT DE NEMOURS AND : DUPONT E I DE NEMOURS & CO MANAGEMENT'S DISCUSSION ..
11/06 Global Agrochemicals Market Key Players- Monsanto Company, Israel Chemicals L..
11/02 DUPONT E I DE NEMOURS & CO : Costs Associated with Exit or Disposal Activities (..
10/24 DUPONT : James Scott Farrin Files Class Action Lawsuit Against DuPont & Other De..
10/07 DUPONT : Class Action Lawsuit Against DuPont & Other Defendants for Allegedly Re..
09/01 DUPONT : DowDuPont(TM) Merger Successfully Completed
08/30 DUPONT : Tyvek Earns Partners of Choice Award from David Weekley Homes; DuPont R..
08/25 DUPONT E I DE NEMOURS & CO : Entry into a Material Definitive Agreement (form 8-..
08/24 DUPONT : Nutrition and Health Dishes Up New Concepts to Address Regional Nutriti..
More news
News from SeekingAlpha
09/05 REUTERS : EPA considering limits for dicamba weed killer
09/01 Dow Chemical, DuPont complete merger to form DowDuPont
08/26 Stocks to watch next week
08/25 DIVIDEND STREAKS IN DANGER : Freezin' Season Under Way
08/24 DowDuPont heading to DJIA; Q, SBAC up on other index moves
Financials ($)
Technical analysis trends E I DU PONT DE NEMOURS AND
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus
Number of Analysts
Average target price -
Spread / Average Target
EPS Revisions
Managers
NameTitle
Edward D. Breen Chairman & Chief Executive Officer
Phuong Tram Chief Information Officer
Douglas W. Muzyka Senior VP, Chief Science & Technology Officer
Nicholas C. Fanandakis Director & Executive Vice President
AnnaMaria DeSalva Global Chief Communications Officer
Sector and Competitors
1st jan.Capitalization (M$)
E I DU PONT DE NEMOURS AND CO14.35%0
GENERAL ELECTRIC COMPANY-43.96%153 062
3M33.35%142 529
SIEMENS-1.37%117 101
HONEYWELL INTERNATIONAL32.31%116 719
ILLINOIS TOOL WORKS INC.35.95%56 539