A.C.
If you are going to use it for food then you want to use a food safe oil like mineral oil. You can find it at bed bath and beyond (http://www.bedbathandbeyond.com/product.asp?order_num=-1&... ) or other stores. you do not want to use vegetable oil or olive oil because it can turn rancid. you can also use bees wax. here is a link on how to apply food safe oil to wooden boards if you are going to use it for food.
http://whatscookingamerica.net/CuttingBoards/AllAbout.htm
FYI if you want to use it for food i would not stain it. once you apply the oilit will bring out the wood grain and will be beautiful!