Unlike any other commodity, food prices reflects in just single yield. World needs new Norman Borlaug - NYT debate here:
"Fortunately, while the planet may be running out of land, it’s not running out of potential to increase production of food and fiber. Crop yields in Ukraine, for example, are barely a third of those achieved regularly in the U.S.
Realizing this potential will take investment that’s only now starting to flow into agriculture around the world. Higher prices help increase the flow of capital, not only for better seeds, fertilizers and machinery, but for the transportation and storage facilities needed to move farm products where and when they’re needed.
Unfortunately, corrupt, authoritarian governments only hinder these changes, discouraging investment in not only agriculture, but in other sectors that could help the world’s poor.
When I bought coffee at the store this week, I grumbled about the price of a bag, up 50 percent from what I paid just a few months ago. (Never mind that the bag, 11 ounces, once upon a time was a pound.) But I bought the coffee anyway, something unimaginable for the poor who are most affected by today’s rising food prices."
"Fortunately, while the planet may be running out of land, it’s not running out of potential to increase production of food and fiber. Crop yields in Ukraine, for example, are barely a third of those achieved regularly in the U.S.
Realizing this potential will take investment that’s only now starting to flow into agriculture around the world. Higher prices help increase the flow of capital, not only for better seeds, fertilizers and machinery, but for the transportation and storage facilities needed to move farm products where and when they’re needed.
Unfortunately, corrupt, authoritarian governments only hinder these changes, discouraging investment in not only agriculture, but in other sectors that could help the world’s poor.
When I bought coffee at the store this week, I grumbled about the price of a bag, up 50 percent from what I paid just a few months ago. (Never mind that the bag, 11 ounces, once upon a time was a pound.) But I bought the coffee anyway, something unimaginable for the poor who are most affected by today’s rising food prices."
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