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The New Normal? A Tighter Global Agricultural Supply and Demand Relation and its Implications for Food Security
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The New Normal? A Tighter Global Agricultural Supply and Demand Relation and its Implications for Food Security
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Journal Article
The New Normal? A Tighter Global Agricultural Supply and Demand Relation and its Implications for Food Security
2013
Overview
This paper uses IFPRI's International Model for Policy Analysis of Agricultural Commodity and Trade (IMPACT) to assess long-term agricultural supply and demand relations. Examining these new global food system realities through the lens of scenarios for agricultural supply and demand indicates that, if current policies and investment trends continue, real world prices of most cereals and meats are projected to increase in the future. Growth in demand for meat, milk, biofuels and growing scarcity in water supplies are projected to put pressure on agricultural prices and strain land and water resources further. Climate change will have negative impacts on agricultural production in much of the world. Rising prices and poor progress on food security are not, however, inevitable. Policy reforms and increased investment in agricultural research, irrigation infrastructure, and rural roads, can reduce hunger and poverty. Reprinted by permission of the American Agricultural Economics Association
Publisher
Oxford University Press
Subject
