Financial Times FT.com

Making hay

By Alan Beattie

Published: May 14 2008 03:00 | Last updated: May 14 2008 03:00

Every crisis, it is said, is also an opportunity. But not, apparently, where farmers are involved.

The leaders of international institutions including the World Bank and World Trade Organisation have exhorted governments to use the food crisis to reform policies that distort agricultural production and trade. They argue that fewer subsidies and import tariffs would provide incentives for farmers around the world to increase production and exports.

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