Africa to the rescue?
NAIROBI, Kenya (AP) -- Africa's food production could double in a matter of years and help stabilize spiraling food prices if wealthy nations help small farmers with simple agricultural reforms, a top U.S. economist said Thursday.
But he said increased production requires money for fertilizer, water management and high-yield seeds -- things many poor farmers do not have and the international community has not been willing to provide.
"While the ideological barriers [to giving aid to agriculture] are being broken, the financial ones are not," Sachs told journalists in Kenya's capital, Nairobi. "There's still no money really to get this done."
Sachs said about $10 billion should be made available to small farmers through a global fund, and cited the example of Malawi in 2005 to show that simple interventions can increase crop yields dramatically.
Despite strenuous objections from international donors, Malawi's government made vouchers available to farmers to buy fertilizer -- and the subsidy, combined with good rains, doubled the country's yield, he said.
Rising food prices are giving governments an added impetus to invest in agriculture. The price of rice and other staples has risen more than 40 percent since mid-2007. Last week's deadly cyclone in Myanmar -- a large rice exporter -- helped push them even higher.
Soaring fuel prices, the diversion of land to biofuels, poor weather and growing demand from the burgeoning middle classes of India and China have contributed to the jump in prices. And the price increases have sparked riots and protests in several African nations, in Asia and in the Caribbean.
Food prices can be eased by "scaling up proven technologies which are beyond the reach of the poorest of the poor" -- like simple irrigation techniques and drought-resistant seeds, he said. Currently 96 percent of farms in Africa rely solely on rain.
Sachs estimated it would cost every person in the developed world $10 to double Africa's food production but said rich countries had "basically left the poorest of the poor to their misery." Investment was urgently needed, he warned, and the poor countries who were suffering most from rising prices were unable to fund necessary reforms on their own.
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