Ending the global food crisis – we just need to make use of what we have

We could double our food supply just by making farming, shipping, and cooking more efficiently.

By 2075 the global population is set to hit 9.5 billion.  It is widely assumed the world will eventually run out of food. According to one UN study, we will need to increase agricultural production 70% by the middle of the century, if we’re to cater to all the expected bellies.

 

 

Continue reading… “Ending the global food crisis – we just need to make use of what we have”

How Goldman Sachs Created the Food Crisis

eat bank boooooo

The word again today is GREED.

Frederick Kaufman’s piece for Foreign Policy examines how the Goldman Sachs Commodity Index (GSCI) is responsible for the increase in food prices.

[T]he boom in new speculative opportunities in global grain, edible oil, and livestock markets has created a vicious cycle. The more the price of food commodities increases, the more money pours into the sector, and the higher prices rise. Indeed, from 2003 to 2008, the volume of index fund speculation increased by 1,900 percent. “What we are experiencing is a demand shock coming from a new category of participant in the commodities futures markets,” hedge fund Michael Masters testified before Congress in the midst of the 2008 food crisis…

Continue reading… “How Goldman Sachs Created the Food Crisis”

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