Pages tagged "World Bank"
Ahead of World Bank’s release of the 2017 “Enabling the Business of Agriculture” (EBA) report this month, 157 organizations and academics from around the world denounce the Bank’s scheme to hijack farmers’ right to seeds, attack on food sovereignty and the environment.
In a letter to the World Bank President Jim Yong Kim and EBA’s five Western donors, the group demands the immediate end of the project, originally requested by the G8 to support its industry-co-opted New Alliance for Food Security and Nutrition.
“The EBA dictates so-called ‘good practices’ to regulate agriculture and scores countries on how well they implement its prescriptions,” said Frederic Mousseau, Policy Director at the Oakland Institute. “But the EBA has become the latest tool, to push pro-corporate agricultural policies, notably in the seed sector—where it promotes industrial seeds, that benefit a handful of agrochemical companies,” he continued.
Only six multinationals currently control over two-thirds of the industrial seed sales, and pending agro-industry mergers stand to further consolidate this oligopoly. Further market expansion for these corporations depends on the shrinking of farmer-managed seed systems, which currently provide 80 to 90 percent of the seed supply in developing countries through on-farm seed saving and farmer-to-farmer seed exchange.
A new report, Down On the Seed, the World Bank Enables Corporate Takeover of Seeds, exposes that while the World Bank claims to promote “smart and balanced policies,” its EBA index blatantly ignores farmer-managed seed systems. Instead, it reinforces the stranglehold of agrochemical companies and Western nations by pushing for intellectual property rights in agriculture, so that private breeders profiteer from the use of their seeds by farmers.