Wednesday, December 13, 2006

How the US is driving Indian farmers (and many more) to suicide

ref: http://www.hindu.com/2006/12/13/stories/2006121303801000.htm

quoting:
The State (of Maharashtra) also admits that giant U.S. subsidies to that country's 20,000 cotton growers is hitting the millions of farmers in this region(maharashtra). Yet the Centre has not seen it fit to raise import duties. Which now stand at just ten per cent. And so India's cotton imports in seven years leading to 2005 were three times what they were in the preceding 25 years.
.....
The U.S. cotton crop last year was worth around $3.9 billion. But that nation's handouts to its growers the same year totalled $4.7 billion. Such subsidies have sunk global prices.
.....
"the numbers of suicides in the six districts continues to be in the range of 100 a month." The Maharashtra Government's own count for this year is more than 1,250 suicides. In just the six worst-hit districts.

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