Touch the Soil News #1931 (Feature Photo – Corn – Public Domain USDA)
Farmland Grab News, brings the story of the nation of Kenya, getting into public farming in a big way. A populous nation of 56 million people, Kenya’s Ministry of Agriculture will finance key state corporations to put up 500,000 acres of corn. The reason for this public intervention is to ease national shortages. This farm would be the equivalent of a farm that is 10 miles wide and 80 miles long.
This is interesting economics. If the country is short of corn and prices go up, instead of raising interest rates to calm inflation, they grow more corn to solve the underlying problem. You can read the full story here:
