Consultant to Ogun State Governor, Prince Dapo Abiodun CON on Agriculture,Prince Wale Oyekoya appeared on TVC regarding the recent decline in food prices and its impact on farmers.
He addressed concerns today during his appearance on TVC regarding the recent decline in food prices and its impact on farmers. It is a well-known phenomenon across the globe that when there is a bountiful harvest, food prices tend to drop. While this is good news for consumers, farmers, on the other hand, face significant losses due to the high cost of production. Many farmers have invested substantial labor and financial resources, expecting reasonable returns. However, the current decline in commodity prices is a source of concern, as it threatens their sustainability. To mitigate this challenge, he emphasized that government intervention through subsidies is essential. Federal and state governments should implement measures to mop up surplus produce, ensuring that farmers do not bear the full brunt of price fluctuations. With increased harvests expected, especially from northern states practicing irrigation farming, food affordability for consumers remains a positive ...