Muck and Mystery
   Loitering With Intent
blog - at - crumbtrail.org
December 06, 2008
Food Deflation

As noted earlier there seems to be an ongoing collapse of climate related journalism perhaps due in part to the collapse of energy prices as some predict gasoline prices as low as $1.00 a gallon. Food prices are falling as well but there doesn't yet seem to be a reduction in food crisis talk. Food crisis almost over, people starving as usual

Agriculture related press releases continue to start with a sentences like “The current crisis in world food prices…” . . .

Haven’t they noticed that the crisis is (almost) over? Supply is up and speculators are retracting. The first stories about complaining farmers are coming in. Perhaps I am missing the point of the long term trend of dearer oil (fertilizer) and climate change?

Either way, in a couple of months we’ll be back to business as usual. Cheap food, and,

every day, almost 16,000 children that die from hunger-related causes — one child every five seconds
There are a couple of points not made in the referenced post, but I don't think that they were actually missed given the rueful tone. Food was a huge issue before the recent "crisis" and remains so now.

As noted, low prices can be a real problem for growers. Protectionist pressures to reduce competition can make things even worse in the medium and long term though they promise short term relief. That was a huge issue in the now moribund trade agreement talks of recent years that ended in acrimony. Many of the world's poorest and hungriest people are net food importers, consuming more than they produce. Many of them are farmers in remote locations. Governments skew markets with export subsidies and internal subsidies as well as tariffs and quotas, making it more difficult to help the hundreds of millions of food insecure people in the world.

Population is still rising. No matter what happens with energy prices and supply, or climate change, food will continue to be a challenge. But, that isn't front page news. It is only when the well fed are affected that such issues get much attention. Poor people starving: dog bites man. Rich people paying high prices for food: man bites dog. That's news. That may change if, as some predict, our future will include tens if not hundreds of millions of ecological refugees streaming into more food secure places.

Winter is coming.

Posted by back40 at 11:24 AM | Media

TrackBack URL for Food Deflation -


Comments
Post a comment









Remember personal info?