According to William Dar, director general of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), it is not just Wall Street that needs bailing out, but the side streets, where poor farmers across the world, especially those working the drylands of developing countries, need policy, institutional and financial bailout.
As of July 2008, the world population is estimated to be 6.6 billion. A staggering one billion of these are utterly poor people, most of whom live in the dryland areas of the world. When seen in conjunction with the present day food crisis and unabated rise in food prices that are affecting the common man, who, more than the poor, has a right to substantial assistance from governments Working over decades with poor farmers in the drylands of Asia and sub-Saharan Africa, ICRISAT believes that it is essential to strengthen the resource base and incomes of the poor farmers.
Dar added: These farmers are the backbone of any economy, and if their conditions are not improved, the economy will suffer adverse impacts that will be difficult to repair.
There is much that governments can do to support these farmers, Dar said. In addition to financial support, there is need for supportive policies, improved infrastructure, improved access to better quality seeds and inputs, irrigation support, and support for establishing more effective institutions.
Poor farmers, especially those in the drylands, are suffering from the lack of governmental support. Cutting-edge agricultural research can achieve substantial improvements in crop yields and farmers income. So it falls to reason that agricultural research itself should be supported better through government funds.
It is worth mentioning that less than 10% of public spending in developing countries goes to agriculture even though this sector commonly accounts for about half of their gross domestic product. And less than 1% of public spending goes to agricultural research; research that is vital to the innovation that opens new livelihood opportunities, he said.
Let me mention that for every $1 invested in international agricultural research, $9 worth of additional food is produced in developing countries where it is needed most, he emphasized.
ICRISAT is working at different levels and is adopting innovative strategies to pursue its vision of improving the well-being of the poor of the semi-arid tropics in Asia and Sub-Saharan Africa (SSA). Its mission is to help reduce poverty, enhance food and nutritional security and protect the environment of the semi-arid tropics.
The methods used by ICRISAT for improving crop productivity and increasing farmers income are: integrated genetic and natural resource management; development and use of effective agri-biotechnological tools; agro-ecosystem development and management; research on markets, policies and institutions; development of effective public-private-people partnerships; and the development of a pro-poor biofuel package that provides for food, fuel and feed security.
Even as the governments step in to prevent the escalating global financial crisis, it is their proactive measures in supporting the poor farmers that can prevent a much deeper and long-lasting global crisis from happening.