In recent years, prices of agricultural land have increased quickly, actually doubling and tripling in many parts of the world. This land value reassessment has been prompted by rising crop prices and perceived land scarcity.
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South Asia is home to the largest concentration of poor and undernourished people in the world, so food security—especially in basic staples such as wheat, rice, and corn—continues to be a major concern.
There are no easy solutions to the ongoing food price crisis. Maize and wheat prices doubled between 2003 and 2008, and the price of rice doubled in the first four months of 2008, rising 33 percent in a single day.
Governments in Asia used grain price stabilization as a major policy instrument when they began to promote the Green Revolution in the 1960s.
For more than six years the trade talks of the World Trade Organization (WTO) have been stalled, mainly on account of differences in countries' levels of ambition for reducing support to and protection of agriculture. The expiration of the U.S.
In this brief, the authors suggest five areas for action to put rural India on a higher growth trajectory that would cut hunger, malnutrition, and unemployment at a much faster pace than has been the case so far.
Rural poverty in India and China has declined substantially in recent decades.