Sunday, June 1, 2008

Earnings to rise

"American farming interests, like those of agricultural icons Pioneer and John Deere, have avoided large swaths of Africa in the past, believing that farmers were too poor to pay for their products or wary of political instability that has rocked some of Pioneer's other African operations. But now, with global grain surpluses down, demand rising and prices soaring, the calculations at home and abroad have changed and progress can't come fast enough."

From the Wall Street Journal, an article about how hybrid seeds have increased yields in Ethiopia, and telling us that the salvation of Africa and the World is to give in to the global US corporations and to US business methods and technology. From the Guardian, a stern warning: millions may be at risk in Ethiopia because of crop failures. The scene is ready for more $billions earnings for the multinational corporations.

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