Pisani-Baumgartner Plan

Summary of Pisani-Baumgartner Plan

An agricultural stabilization and relief plan advanced in 1961 by Edgard Pisani, French agriculture minister, and Wilfred Baumgartner, French minister of finance. The plan urged that world export prices be adjusted upward, resulting in a higher return on commercial sales; the excess profits so earned would be used to finance food aid to poorer nations. Output would be maintained through continued “controls”(i.e., aid) to farmers. The commercial excess of supply over demand thus produced would be used as aid to hungry nations.

(Main Author: William J. Miller)