Massive glut of coca leaves causing price drop and consequences for farmers in Colombia

Colombia is experiencing a huge surplus of coca leaves due to increased efficiency in cocaine production and unintended consequences of policy changes. The resulting rock-bottom prices are having significant consequences for farmers who grow coca leaves. Overproduction, improved efficiency, and competition from smaller criminal groups have led to lower cocaine prices and a social and economic crisis in rural Colombia. The government's response has been slow, and while there are efforts to help farmers transition to legal crops, urgent action is needed to prevent further damage to local economies.