Obama's Poverty-Relieving Plan for Africa a Profit Boon for Giant Agribusiness: President Obama's announcement t...
For related articles and more information, please visit OCA's Genetic Engineering page , Millions Against Monsanto page , and our USDA Watch page . President Obama's announcement today of $3 billion in private investments in a poverty- and hunger-relieving plan for Africa is set to be a boon for giant agribusiness, a move critics say leaves small-scale farmers and agro-ecological methods in the dust. The pledged investments come from agricultural behemoths including Dupont, Monsanto and Cargill. The G8, now meeting in Maryland, has presented a view of private investments as a way of solving poverty. "The G8 must not give in to the temptation to make bold and convenient assumptions about the private sector as a development panacea," said Gawain Kripke, Director of Policy and Research at Oxfam America. Raj Shah, the administrator of the U.S. Agency for International Developm...
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