From Subsistence to Entrepreneurship
February 14, 2013 Editor 0
From Next Billion
Even on the farm, it pays to be young, but every year, young people are “escaping” their hometown rural communities to seek the “greener pastures” of city life. Meanwhile, global buyers of commodities such as coffee and cocoa beans worry about the aging farming workforce.
In some areas, such as the Ashanti, western, southern and eastern regions of Ghana, the average age of farmers now exceeds 50 years. Research has shown that in this day and age, it pays to be young: Sticking to outdated methods, older farmers produce significantly lower yields per acre than younger farmers, who are more likely to use modern farming techniques and introduce innovative production methods.
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