Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.
Under Mr. Modi’s plan, corporate buyers would take a much greater role in Indian agriculture because farmers would have greater power to sell their crops to private buyers outside the mandi system, which he said would lift farmer incomes and increase exports.
Farms have been bought up by corporations over the past decade, now it’s just more corporate agribusiness like everywhere else.
Farms have been bought up by corporations over the past decade, now it’s just more corporate agribusiness like everywhere else.
Fair enough. I haven’t looked at the split between big ag and cottage farming in India.