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This sentance caught my attention: "What is most important, we guarantee to purchase 80 percent of their crops for the first five years at triple the market ra
by Swannie 11y ago
This sentance caught my attention:
"What is most important, we guarantee to purchase 80 percent of their crops for the first five years at triple the market rate."
I assume 5 years at today's market rates. That would give them 5 years to stimulate a demand for the products? If that demand doesn't materialise, then we just end up with another crushing defeat for the worlds fishermen.
I'm extremely sympathetic to many of the ideas (though, maybe not the forward contracts), but I fear that if they are not profitable with a smaller, shorter, purchase support scheme, this is doomed.