Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

Since the beginning of December last, 220 tenant farmers in the state have committed suicide or died of shock, crushed by mounting debts and loss of crops. Overall, the farmer death toll stands at a staggering 350-400. Though the fickle weather wreaked havoc, experts believe it's only partly to blame as several other factors have worked against the farming community. While economic expansion continues to bypass the farming community leaving...

FAO has warned that 2011 may witness a global food crisis. Proactive action is needed to meet the challenge of price volatility, chronic hunger, agrarian despair and climate change. The Food and Agriculture Organisation of the United Nations (FAO) has alerted developing countries about possible steep rises in food prices during 2011, if steps are not taken immediately to increase significantly the production of major food crops. According to FAO, “with...

Representatives from more than 60 countries gathered in Rome today for a United Nations-backed meeting to promote the international treaty considered essential for the conservation and use of the world’s threatened plant genetic resources.The International Treaty on Plant Genetic Resources was adopted by the Conference of the UN Food and Agriculture Organization (FAO) in 2001 to facilitate international cooperation and the fair exchange of genetic resources.The treaty’s Benefit-sharing Fund (BSF)...

Agricultural Debt Wavier and Debt Relief Scheme (ADWDRS-2008), which was introduced by the Union Government in 2008 to provide debt relief to farmers, has backfired in Chickballapur district. Under the belief that the Government would come out with a similar debt wavier/relief scheme in the future, a majority of farmers have stopped repaying fresh agricultural loans they have taken during 2008-09 and 2009-10, subsequent to the implementation of ADWDRS-2008. Thereby, many farmers,...