4 ms·
You're missing the point. They don't come out ahead in the long term. This just harms farmers in India in the long term. By making the grain cost less the profi
by mlindner 4y ago
You're missing the point. They don't come out ahead in the long term. This just harms farmers in India in the long term. By making the grain cost less the profit is reduced for the farmers and it further discourages investment in mechanized farming which stops decreases in the carbon dioxide produced per bushel of food and reduces profits.
- pseudo0 4y agoIf prices go up, the hundreds of millions of Indians living near the poverty line will be at risk of being physically and mentally stunted due to malnutrition. It's harder to directly quantify the impact of that, but it will reduce economic productivity over the next 60-80 years due to permanent effects on children. Seems like India made the right call, in my opinion.