Presently, almost all nations across the globe follow the guidances of the existing Agrarian Reform Programs. This is because cultivation forms one of the most important economic activities, contributing lump some percentages to the GDP growth of the nation, as well as support the economy through agricultural exports. A sustained improvement in this sector amounts to the betterment of the national economy.
Following are some of the significant Agrarian Reform Programs in the world, worth mentioning:
As per the data available from USDA in 1998, about 35% of the total cultivable land area in the world was under contractual cultivation. However, the main drawback of such contracts was that they culminated into the rise of a market power, similar to that of a monopolistic market. The power of controlling the market were in the hands of the buyers or packers, corporate manufacturers and handlers, who were most reluctant to offer the peasants with legitimate protections. This soon led to the development of disequilibrium and discontent between the farmers and the agro-based industries. The main reason for such imbalanced condition was that these companies attempted to suppress the revenues generated from the agriculture sector, posing threats on the economic feasibility and condition of the overall rural population.
The Vietnamese agricultural reform program has the following few objectives: