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biofuels are more inefficient than sugar-based ones or cellulosic ethanol that can be produced on non-agricultural farms. Yet, US tax incentives may have already induced a new addiction—to corn-based biofuel.
The second factor is the disincentives to agriculture combined with migrations to cities and choice of other livelihoods. In India, social mobility once implied getting away from agriculture even if it meant a poor job of a sweeper in the Middle East. The third factor is the Australian draught. There will be others that will haunt one region or the other in future. Fourth is the export controls in many countries abruptly reversing the clamour for prying open markets for agricultural produce. Fifth is the adverse impact of infrastructure projects and the explosive rise of the real estate sector that have been cannibalising poultry sheds and agriculture land surrounding towns and cities.
It is probably for the first time that a contagion is evident even in agriculture, a problem for which there will be few swift countercyclical solutions. This needs deeper analysis and reasoned action, for an overkill will lead to massive distress of surpluses and spiralling suicides—whether in “Karimnagar or Kentucky” (See my column on August 9, 2004)....
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