Grow your own food, don´t import it.
Produce your own products, don´t import them.
Export finished goods, not raw materials.
Utlilise local products, and promote local entrepreneurs.
If you look through my postings, you will find that this message has been repeated in various forms because I see this as one of the major challenges facing our country. Hopefully the rising price of rice will cause incentives for local farmers to start producing the sought after product.
With the known price of rice, it is easy for anyone to calculate their income from farming. Say for the sake of the calculation that an acre of rice yeilds about 5 tons of produce. This is about 100 bags of rice, a bit on the low side but any farmer can calculate that he should be able to produce revenue of USD 2500.00 from every acre in production.
Do not forget that we are just talking revenue here, costs have to be taken into consideration too, but just imagine the possibilty.
Wake up now.
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