Wednesday, 27 July 2011

All-time record harvest in India may lead to riots

As we have reported earlier, India has been blessed with an all time record grain harvest this year - contrary to all "forecasts" by the global warming alarmist community. However, it appears that celebrating this major agricultural breaktrough is somewhat premature:

Less than a week after India announced a record harvest, Hindustan Times has learnt that the nation’s main grain-buying agency is running out of money for its massive nationwide purchase operation. Over the last month, the state-run Food Corporation of India (FCI) has twice stopped payments to state governments, various grain-purchasing agencies and rice millers who buy wheat and rice, the main food crops, from millions of farmers, a senior government source told HT on condition of anonymity.

"If this financial crisis continues, FCI and state agencies funded by it will not be able to procure grain. There is no money for August and September,” said the source. “This is a serious situation, and it is being brought to the notice of the finance minister."

Read the entire article here

Currently around 99% of the grain produced in India is bought by FCI (Food Corporation of India). And this is entirely funded by the government's subsidies as FCI has no alternate source of income. At the same time, FCI has to buy the grains from the farmers because it cannot legally refuse them.

So what would happen now? FCI has requested the government for Rs 380 bn in addition to the Rs 472 bn it received from this year's annual budget. If the government does not agree to this or delays the payment, the country would face serious problems. These would be in the form of huge protests and unrest from the farmers who would not get paid for their grain. And even worse, if no one buys the grain then it would just be left out in the open to rot and waste away.

Read the entire article here

It would be very sad, indeed, if the all-time record harvest in India would lead to serious unrest and waste of the much needed grain. There is, however, a possibility to avoid a crisis: The European Union could divert a tiny percentage of its huge climate change aid to "mitigate" the storage and distribution problems in India. An initiative from the EU´s chief climate change alarmist Connie Hedegaard would be a pleasant surprise. (Of course, it will never come)

Whatever happens, one thing is almost certain; soon we will hear from some "official" IPCC climate scientist, that the record harvest actually is fully consistent with global warming predictions, and that it in reality only will contribute to an even more catastrophic future harvest reduction.

No comments: