Saturday, April 17, 2010

Turns out agriculture isn't doing all that well after all 

There has been much discussion on this blog regarding how agricultural production has been doing. Some have asserted that production has increased 50% or even doubled.

Turns out, straight from the mouth of the person who oversaw the Ministry of Agriculture, that it has done much less well. In fact, over 10 years production of food is only up 21%:

En diez años de revolución, el Gobierno ha rescatado el 40% de los latifundios y ha logrado incrementar la producción nacional de alimentos en 21%, afirmó el vicepresidente de la República Bolivariana de Venezuela, Elías Jaua, en una entrevista transmitida por el programa Contra Golpe de Venezolana de Televisión (VTV).

That is comes to about 2% per year. Actually less when you take into account compounding. Given that population growth over the same period has also been around 20% there in effect has been no per capita increase in agricultural production and the big boost in consumption has simply come via oil financed imports of food.

Clearly, if the country's development strategy revolves around boosting agricultural production they aren't getting very far.


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