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Thursday, November 27
by
amazngdrx
on Thu 27 Nov 2008 02:14 AM CST
A great story on local agriculture from NBC nightly news.
"The government began a subsidy program for small-scale farmers, providing them with fertilizers and high-tech seeds at roughly 15 percent of the market cost – the fertilizers and seeds were required for a more productive and resilient crop. The scheme cost the Malawian government $60 million, a huge amount for one of the poorest countries in the world where the average annual income is only $250."
"Malawi’s major donors, including the World Bank, European Union and the United States balked and warned Malawi to reconsider. They claimed that such large-scale subsidies would cripple the economy. But the government went ahead." more »
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