Sunday, December 09, 2007

Farmers in Africa, West rethink subsidy

In exchange for foreign aid, debt-saddled African countries agreed to cut subsidies. Less than 4 percent of government spending in sub-Saharan Africa now goes to agriculture.

But without a safety net, a single bad season can bankrupt a farmer, and often does. And without help, African farmers are too poor to pay for the good seed and fertilizer that bring land to life.

There are signs of change. The World Bank is rethinking its stance on subsidies after a scathing internal review last month, and it made agriculture the center of its agenda this year for the first time in more than two decades. About 70 percent of Africans live off the land, and agricultural reform — from seed to market — is the surest way to lift the continent out of poverty.

http://news.yahoo.com/s/ap/20071209/ap_on_re_af/rethinking_africa_from_the_ground_up



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