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1 IMF Chief Urges Caution: Central Banks Should Resist Early Rate Cuts Amid Inflation Concerns
Anas Bouargane2 Millions to Benefit From UK's New Flexible Working Bill
Daniel Hall3 UK House Prices Experience First Monthly Decline in Six Months
Anas Bouargane4 UK Wage Growth Expectations Hit 2 Year Low
Daniel Hall5 Gross Domestic Income Shows America Is In Stagnation
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Countries with stable food security have a well-fashioned agricultural subsidy policy. Agricultural subsidies have a large part in shaping production and consumption patterns, with potentially significant effects as regards poverty, food security, nutrition, and other sustainability concerns such as climate change, land use practices and biodiversity. Subsidies work, their effectiveness are stability shoulders for agriculture — anywhere in the world. There is often volatility in the commodities market, but countries with serious agricultural policies ensure that certain necessities for farmers must not fail. There are some countries with political, environmental, social and several other situations, where the only lifeboat is food aid. However, without those problems, some countries should have no business with food insecurity or food crisis, if they had their subsidy programs set in stone. What do farmers need? Land, seeds, irrigation, fertilizers, pesticides, farm equipment and transport to market. Which of these can be provided for cheap or totally free, to farmers planting one or two crops of their staple food? Though it is reported that the earth has lost a third of its arable land, some rural areas of some countries still have some useful farmland. For the rest of these necessities, which ones can be made available to farmers consistently, so that no matter the upheaval it could be provided? If this is figured out by the country, how does it pay for itself, sustainably without necessarily relying on government budget or foreign intervention? A non-enforced contribution system, in a public-private program would be potent in delivering for them the means to pay for subsidies to work in the country. Some countries lack potable water, so fixing irrigation could become a mean, but irrigation may have to go with something else, to have prices of that crop come down low enough to allow anyone to afford that food. Global hunger is an emergency in many places, but self-sustaining agricultural subsidy holds hope for the people.
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The prime minister of Sri Lanka recently announced that the country’s economy has collapsed.
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