Extraordinary Circumstances Raise the Specter of Higher Food Prices and Famine

Reader Contribution by Steven Mcfadden
Published on September 6, 2010
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I called my 89-year-old mother on Sunday. As we talked she voiced a complaint. A can of green beans she had purchased for 89 cents over a year ago, cost her $1.59 when she bought the same brand and size over Labor Day weekend. She lives on a meager, fixed income from Social Security, so the price jump in food hit home for her as a hardship. Elsewhere around the world, for millions of people, the rising cost of food is becoming more than a hardship; it is a threat to their survival.

Perceiving that there are critical months ahead for the cost of food in general and the prospect of famine in particular, the UN’s Food and Agriculture Organization (FAO), has summoned the world’s grain experts to an ‘extraordinary’ session in Rome to address questions of global food supply. The emergency meeting is set for September 24.

With memories still fresh of food riots set off by spiking prices just two years ago, agricultural experts see the potential for big trouble on the near horizon. Grain harvests in the USA are expected to be good, but there is big trouble in Russia, Germany, Canada, Argentina, Australia and elsewhere.

Uncertainty about future food supplies has drawn financial speculators into commodity markets in the hope that they might make massive profit. This is helping to drive food prices upward. As the prices go up, the potential for severe consequences also rises.

“The era of cheap, abundant food is over,” declares Australian journalist Julian Cribb in his new book, The Coming Famine: The Global Food Crisis and What We Can Do to Avoid It.

Cribb — and many others — say we have passed the peak not just for oil production, but also for water, fertilizer and land. We will all soon be brought smack face to face with the reality that we have passed the peak for food as well, Cribb argues with an onslaught of hard data.  Wealthy nations will experience shortages and even more acutely rising prices, while poorer nations starve.

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