![]() ![]() So we focus on the small farms, we got a lot of seed, lot of fertilizer out. And you know, when they lose something, it's a little bit harder for them to recover. And we focused on farmers that 500 hectares or less, because I think the smaller farmers oftentimes have a harder time getting financing, keeping the financing. Just describe, to me the importance of that donation to what you're saying with the adjustment that's taking place in order to what to plant? BUFFETT: Was easy to talk about getting fertilizer and seeds out to farmers, but then you have to talk about how does it really get distributed? So we needed to find companies that could get the distribution process, right. CHATTERLEY: Can you tell me about the donation that you made as well back in May of this year in conjunction with the agricultural, the R&D agricultural firm, Corteva Agriscience? And it was to provide winter oil seed rape to some of the smaller Ukrainian farms and these are pioneer seeds. So it's already had a big impact on what Ukraine is producing. So you've seen a big shift from some crops like corn or to soybeans and rapeseed. They're looking at how to produce crops that don't require as much fertilizer, that maybe are easier to store, easier to ship. But farmers have made a pretty big shift in Ukraine in terms of what they're producing. CHATTERLEY: Yes, it's hard to say it has an impact not only on those that are hoping to receive this grain, but on the farmers in Ukraine that have to make decisions on what to harvest, when to harvest and what to plant, ultimately too? I mean, that's directly where you're involved with the foundation, trying to understand how they mitigate the impact of this? BUFFETT: Well, of course, we've supported farmers in a number of ways in terms of providing equipment, so they can harvest, so they can plant fertilizer seeds. So I think there's been some adjustment over the last six months, but of course, it'll still have impact. ![]() So they've already slow this process down to a very minimal pace. And that's had a big impact last October, they're shipping around the 4.23 million metric tons in May, in June, they're shipping about a little bit over a million metric tons. So Russia has already used the inspection process to delay the shipping of grain. But you know, last October, the daily inspections were at 11 or recently, they're down to two. BUFFETT FOUNDATION: Well, I think it'll be incremental impact will be incremental compared to when it occurred originally, but it'll certainly have impact. It was widely telegraphed, I think over the past few weeks, and it's been met with international condemnation, your response? HOWARD BUFFETT, CHAIRMAN AND CEO OF HOWARD G. Howard, fantastic to have you on the show once again, I want to begin with Russia's decision to terminate at least for now their participation in the Black Sea Grain Deal. And Howard Buffett, Chairman and CEO of the Howard G. This year, it expects to double its donation. Last year, the foundation devoted $150 million to humanitarian efforts in Ukraine, from food assistance and reconstruction to helping farmers, plant harvest, and exports their crops. Pivotal concerns, not only for Ukraine, of course, but for the numerous countries that rely on Ukrainian exports. Buffett Foundation created in 1999 focuses on food security and conflict mitigation. He's seen firsthand just how important supporting Ukraine's farmers, is to the world's food supply. ![]() (END VIDEO CLIP) CHATTERLEY: My next guest is Ranch Owner and Philanthropist, Howard Buffett. (BEGIN VIDEO CLIP) SAMANTHA POWER, ADMINISTRATOR OF USAID: The idea that Putin would play roulette with the hungriest people in the world at the time of the greatest food crisis in our lifetimes is just deeply disturbing. The United States says it will provide a further $250 million to support Ukraine's agricultural sector. The strikes came just a few hours after Russia refused to extend a crucial agreement to let ships carrying Ukrainian grain pass safely through the Black Sea. Now the Ukrainian Air Force also said it destroyed six cruise missiles launched from a Russian ship in the Black Sea, although falling debris still damaged infrastructure at Odessa's port. ![]() Russian forces fired back, explosions are reported in Odesa early Tuesday morning following retaliatory drone and missile strikes. SIMULCAST (COMMERCIAL BREAK) JULIA CHATTERLEY, CNN HOST "FIRST MOVE": I'm Julia Chatterley in New York and a warm belated welcome to "First Move", now just 24 hours after a Ukrainian attack on the Kerch Bridge from Russia to Crimea. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.ĬNN U.S. Russia Launches Retaliatory Strikes on Ukraine Russia Cancels Grain Deal, Draws Global Condemnation Heat Records Broken Across the World Gene-Edited Chickens make their Debut Mystery Object Sparks Space Speculation. ![]()
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