Farm leaders from around the world were greatly disappointed in the outcome, or lack thereof, at the biennial World Trade Organization (WTO) Ministerial Conference in Buenos Aires. If the WTO is to fulfill its mandate to support development and reduce unfair trade, it has to keep its eyes on the prize of fair prices and address illegal dumping.
India’s food security and stockholding program uses precisely the same policies that the U.S. used in its early farm policy coming out of the Great Depression. Exactly the same: price supports, food reserves, administered markets, subsidies. The U.S. government used them because they work. India and other countries should be allowed to use them, too. Because they work.
India’s National Food Security Act (NFSA), is one of the most ambitious food security initiatives in the world, planning to buy food grains from small-scale farmers to distribute to some 840 million poor Indians, two-thirds of the country’s people.