ORGANIZATION OF GRAIN EXPORTING COUNTRIES

We are only too familiar with OPEC, the Organization of Petroleum Exporting Countries. Well, I propose that the United States should take the lead in forming the Organization of Grain Exporting Countries. OGEC would be a consortium of the major food grain exporting countries, like the United States and Canada, that would set the world market price for a bushel of grain, like wheat, corn, barley, etc. Such a consortium could set the per bushel grain market price at a rate equivalent to the per barrel price of petroleum. Now I realize that such a plan to inflate the market value of food grains could have a disastrous effect upon those nations that depend upon grain imports to feed their citizens, particularly the poorest nations of the world. But OGEC member nations like the United States could use some of the tremendous profits realized from grain sales to increase the amount of foreign aid to those poorest and neediest of nations to offset their outlays to feed their people. In the meantime, those OPEC nations like Saudi Arabia and the UAE (http://en.wikipedia.org/wiki/United_Arab_Emirates) whose wealth and prosperity comes from their inflated oil prices would get a taste of their own medicine!