Through The Static

March 10, 2008

A Global Need for Grain That Farms Can’t Fill

Filed under: Economics,Environment,Food — disciplepete @ 6:00 pm

This article from the NYT is about prices of food rising across the globe and the reaction of farmers:

Everywhere, the cost of food is rising sharply. Whether the world is in for a long period of continued increases has become one of the most urgent issues in economics.

Many factors are contributing to the rise, but the biggest is runaway demand. In recent years, the world’s developing countries have been growing about 7 percent a year, an unusually rapid rate by historical standards.

The high growth rate means hundreds of millions of people are, for the first time, getting access to the basics of life, including a better diet.

That part definitely sounds good.

“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.”

Now that doesn’t sound so good.

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