A Global Need for Grain That Farms Can’t Fill – New York Times
“Everyone wants to eat like an American on this globe,” said Daniel W. Basse of the AgResource Company, a Chicago consultancy. “But if they do, we’re going to need another two or three globes to grow it all.” A Global Need for Grain That Farms Can’t Fill – New York Times Notice how the price of food [...]Published March 8, 2008
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General News, Agriculture, Economy, Food, Globalization, Third World, World Hunger no responsesWritten by Joey
Photography introduced me to the 'new media' evolution. I currently do community management at Meraki in San Francisco, but this blog is about journalism, some UX design, and the occasional rant. more →
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“Everyone wants to eat like an American on this globe,” said Daniel W. Basse of the AgResource Company, a Chicago consultancy. “But if they do, we’re going to need another two or three globes to grow it all.”
A Global Need for Grain That Farms Can’t Fill – New York Times
Notice how the price of food has gone up recently – it’s all because the price of grain, worldwide has gone up. Third world countries are now able to afford better food (e.g. bread), which leads to increased demand. Supply hasn’t compensated; world stockpiles of grain are at an all time low, and prices have doubled. Great if you’re a farmer, sucks for the rest of us.
I have personally seen a loaf of bread at the local supermarket go from £0.70 to £0.90 to £1.20 over the past month and a half. That’s nearly double for the same loaf of bread.