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Can family farming make poverty history?
Poverty in the country has plummeted from 58 percent in 1993 to 18 percent by 2006, says development charity Oxfam, who cites the Asian country as a exceptional model for others around the world.
Vietnam went from being a rice importer to the second biggest exporter of rice in the world. “The magic formula is political will and vision,” says Hannah Stoddart, head of economic justice policy at Oxfam GB. “Planning a government strategy and making sure the investment gets to those who need it most is the key,” she says.
Smallholder farming, a term used for small scale or family farming, is in fact the best way to describe 500 million farms globally where two billion people live and work.
Oxfam is a staunch believer that smallholder farming is the way forward. “All evidence in small scale farming, family farming on small plots of land, show it is one of the surest ways to relieve poverty,” says Stoddart.