Doh, forgot to pu the link in.
http://news.bbc.co.uk/2/hi/americas/4647383.stm
Ustwo,
Capitalism only works if there is a strong govenment to keep it in line. Something Africa will be lacking for some time due to it's messed up social animocity.
samcol,
The curent US and EU farm subsidies not only equal the economic playing field with cheaper 3rd world labour but undercut it. Undercut it just enough so that local food production becomes unsustainable and farmers are forced to sell to agribusiness firms who are capable of competing in the global market place. Most of the time these corporations end up growing stock that is completely ingnorant of the countries food demands and thus the country has to buy it's food.
As far as having farmers go out of business I just don't see it happening. I can see the corporations go out of business because they won't be able to compete on the corporate scale. Yet local farmers will still have business because consumers will still choose fresh local vegetables over cheap frozen imports. The fact that local production is regulated to standards also makes local foods an appealing choice over foregn products that might be awash with poisons and god knows what. So I think the US market will take care of it self.
The only loss will be in our agricultural exports, which will balance out by the lack of subsidies to farmers.