Ugandan Cotton Farmers Question Government Tactics
January 12, 2012 Ugandan cotton farmers and ginners are voicing their opinions after the government announced its proposed measures to stabilize cotton prices.
The government has been taking a percentage of cotton sales and filtering it into a fund geared toward stabilizing fluctuating prices. The fund, which was first put into place two years ago, is supposed to pay back farmers and ginners if there is a significant price drop.
However, government measures have not been able to relieve cotton growers and ginners from price fluctuations. The cotton industry is alleging that funds are already being misappropriated for other uses.
The government has proposed another fund for cotton price stabilization to aid the Ugandan cotton industry, but growers and ginners are skeptical of how the money will be used.
To read what cotton farmers are saying, visit AllAfrica.com for the complete story.
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