Different Culture

The article i read for this post is about rice farmers in Africa and how they are very dependent on world food prices to decide how much money they will make. The problem is, that it costs them more to produce the rice because they do not get the government subsidies like many more developed countries. Prices now are fairly high, and rice farmers are taking advantage of that, but many of them borrowed a lot of money to be able to expand their production fields, and if prices don't stay high, they could all end up broke because they won't be able to pay off what they borrowed. The worry over world food supplies caused some countries to panic over food supplies because the price was rising, and their was no local production to replace the imports; so the government offered subsidized farming equipment, seed, and fertilizer to start local production. The higher prices also meant that the local farmers could now compete with the more efficient farms in Asia, allowing them to make a profit.

read the whole article here