Meanwhile, Latin America’s farmers get ready for a biofulled boom in prosperity, according to Biopact. Lets not get carried away, its a boom compared with poverty compared to moderate affluence North of the Mexican border. As Biopact says.
Farmers throughout Latin America – from Mexico and Brazil to Argentina and Ecuador – feel as if they have just won the jackpot. Some of them had ceased production years ago, because the (non tariff) trade barriers and US subsidies were too high to compete with their American counterparts. But now, they are entering the market again and are reaping unprecedented profits. If the US were to reduce its barriers, their fortune would grow bigger still.