On Aid, Obama Sells Out Poor Countries to Big Ag
►http://www.globalpolicy.org/home/217-hunger/51678-on-aid-obama-sells-out-poor-countries-to-big-ag.html
Giant agribusinesses such as Cargill, Monsanto and Yara take the center in “The New Alliance for Food Security and Nutrition,” a new food-aid effort for Africa launched at the recent G-8 summit in May. These companies have pledged $3 billion in new agriculture investments for the continent, most of which will be spent on building a foreign-owned fertilizer production facility. Instead of promoting for a sustainable food production, this initiative reinforces the power of agribusinesses to make profits at the expense of small-scale African farmers and local biodiversity.