reducing the dev gap FAIRTRADE

Farmers in LICs have little control over what they get paid, what affect does this have on their living circumstances?

The low wage means they often struggle to support family

Why was fairtrade set up?

To guarantee stable income to LIC producers

Fairtrade commits to ensure what things?

• better prices

• Better working conditions

• Better terms of trade

What are examples of fairtrade items?

Bananas, cocoa, sugar, flowers

For fairtrade to help farmers, what must the farmers do in turn?

Farm by sustainable techniques and use no chemicals (pesticides etc)

There are ___ fairtrade banana corporations in __ countries

258, 16

What portion of bananas in the UK are fairtrade?

1/3

How much fairtrade premium was generated from fairtrade banana sales in the uk?

£114 million

What is “Fairtrade premium”?

An amount of money to be spent on community projects- it can be used to buy machinery (to increase crop yields) or produce RAW materials

Fairtrade premium is an amount of _____ to be spent on _________ projects- it can be used to ___ machinery (to increase crop _____) or produce ____ _______

Money, community, buy, yield, raw materials

Why is it preferable for farmers to sell processed goods?

Because they can be sold for higher prices, meaning they can increase their income

List the benefits of having more income

• will be able to afford food and medicine for families, improving their health and QOL.

• May have money to send children to school.

• Investment in education —> children more likely to earn more in the future.

• Small scale water projects such as hand pumps can give villages a clean water supply.

Benefits of more income:

• will be able to _____ food and ________ for families, improving their health and ___.

• May have _____ to send _______ to school.

• __________ in education —> children more likely to ____ more in the future.

• Small ____ water projects such as hand _____ can give villages a _____ water supply.

afford, medicine, QOL, money, children, investment, earn, scale, pumps, clean

Give an example of a company working in LICs to improve QOL

Ben and Jerrys

Is Ben and Jerrys vanilla in the ice cream fairtrade?

Yes

How much did Ben and Jerrys raise in Fairtrade Premiums?

$278000

What were b&js fairtrade premiums used for?

Improving a health centre, repairing a school, and building an office

Give a criticism of fairtrade

Only richer consumers can afford the extra cost of fairtrade products