Homestead mailing list

[Don Bowen <don.bowen AT earthlink.net>]

At 5/20/2005, you wrote:
> Anyone need any additional encouragement to get their land paid for and 
> then not borrow against it?
>
> > > Village after village in Punjab is up for sale. Rural indebtedness has
> > > reached such alarming proportions that entire communities are being 
> > forced to 'distress-sell' their lands. .

Remember this is the soul of the Green Revolution.  Farmers were encouraged 
to increase yields by buying new hybrid seeds.  To achieve those yields the 
farmer also had to buy fertilizers and insecticides.  New irrigation 
systems had to be built to provided the water needed by super seeds.  State 
controlled prices of the farm output competed against free market prices 
for those inputs and the difference was made up by borrowing.

Don Bowen                          Awl Knotted Up

My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

My present location is the star on the map in the link below
http://www.mapquest.com/maps/map.adp?latlongtype=decimal&latitude=33.506083&longitude=-117.099019