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, Indian Economy
> Rothschilds to use Indian farmers to supply EU with fruits and vegetables – Portfolio.com
Rothschilds to use Indian farmers to supply EU with fruits and vegetables – Portfolio.com
West manages a food surplus after spending close to US$ 100 billion in subsidies to their farmers. Can Western farmers compete with India and Africa without subsidies?
China has 60 percent of the arable land of India, but it’s 40 percent more productive because of technology. That India is the largest producer of fruits, No. 1 in the world, No. 2 in vegetables, and has only 1 percent of the export market. So, those are all really big factors that we know how to fix. You fix them with technology on the ground, with cold storage and infrastructure on the ground. And if the retail sector isn’t ready to buy higher-quality fruit and vegetables, which I always thought they would be-but three years ago, it was less obvious than now-you could export them and be the lowest-cost exporter. (via An interview with Lady de Rothschild – Executives Column – Lloyd Grove – World According to … – Portfolio.com).
The ‘backward’ Indian farmer working without subsidies, with low technology, lower productivity has a cost edge over his European an American counterparts.
Between the US and the EU, Western farmers get a subsidy of US$100 billion – and yet they cannot compete with Indian farmers.
Agriculture is the future.