Global agricultural trends in the 21st century are clearly leading to soft-commodity inflation. Popu...
Global agricultural trends in the 21st century are clearly leading to soft-commodity inflation. Population growth, increased caloric consumption and changing diet (including more protein) all contribute to a current rise in global food demand of 2.5% per year (this figure rises to over 3% if you include the growing demand for biofuels). Based on current capacity, the world just does not have the ability to support that type of growth, and we have to rely solely on productivity growth, increasing at a little over 1% a year. The combination of an increasing world population (due to hit ni...
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