Naysayers contend that the government simply doesn't have the budget for such a proposal. One kilogram of cocaine base, according to the UN, went for $807 in 2004. With 80,000 hectares of coca plants in 2004, the program could potentially cost more than $64 million.
I am wondering how much the annual crop in El Chapare in Bolivia is worth, IIRC it was something like 11k hecares.
Maybe the U.S. should buy it, and I am being serious too. There obviously is a big demand for illegal growing, and the bottom line is you have many thousand farmers in the Chapare region who make a living off the crop, and won't quit anytime soon. Paying "market rate" for their entire crop might be a good way to get it off the market. And that would eliminate any excuse the Cocalero Unions have to make trouble in the country.