A strategic reserve is a commodity held back by governments to stabilize prices or protect against shortage. Your mind may go immediately to the 35 million barrels or so of crude oil that the US has in storage, but there are all kinds of strategic reserves around the world. From cotton in China, to butter and wine in the EU, to the Global Strategic Maple Syrup Reserve, we talk about strange stockpiles (mostly food) and their effect on producers and consumers.
Buried beneath the earth in central Russia, squirreled away in former mine tunnels, sits a top-secret cache of cereals, sugar, canned meat, and other food staples. The site is considered a state secret; even the exact location isn’t known by anyone who doesn’t need to know it. We do know that the complex is vast, climate controlled, airtight, and nuke-proof. The facility also includes a laboratory, so that the food can be tested against the government’s nutritional standards, and the inventory is rotated on the regular, to ensure that none of it goes bad. Today, we’ll be focusing on stockpiles of sustenance, collections of commestibles, these funds of foodstuffs. My name’s Moxie and this is your brain on facts.
A strategic reserve is the reserve of a commodity or items that is held back from normal use by governments, organisations, or businesses in pursuance of a particular strategy or to cope with unexpected events. Your mind may go immediately to the 35 million barrels or so of crude oil that the US has in storage, but there are all kinds of strategic reserves, sometimes called stockpiles, throughout the world.
The rationing, deprivation, and economic collapse that were part and parcel to WWII affected the lives of Europeans so profoundly that the European Economic Community, a precursor to the European Union, began subsidizing farmers. Farmers have never been raking in the big bucks, even when the are outstanding in their field [rimshot], but they were no longer able to rely on it to support their families, especially on land pock-marked with those pesky bomb craters. Under-production was endemic to the 1950’s.