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Sunday, September 9

Yahoo / Reuters Coca keeps Peru farmers hooked -- to survive: "While it would be an exaggeration to say farmers everywhere are ripping up fields to replant with coca, the crop is an everyday necessity. In the village of Sivia, even the Lima government's representative, Vidal Saavedra, is a coca farmer. Although only 1/10th of his land is planted with coca, that yields far more in cash terms than other crops. As well as the higher price, coca can be harvested every three months." This is really an old story line -- I've been hearing the same questions about crop profitability since the late 1970s. Peruvian farmers are pragmatists -- they calculate risks and prices and plant what may give them the surest payoff.



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