We are facing a problem that literally has never been faced in human history. Surging population and food demand, food inflation, diminishing world food stocks, drought, flooding, cold, diminished credit, infestations, soil erosion, industrial farming, factory farm pollution, aquifers/wells going dry, relocation of produce for energy production are all slamming into a global financial and economic crisis. And in some places like the United States they don’t have enough farmers. Then on top of everything else we have desertification, which is one of the world’s most pressing environmental issues. New deserts are growing at a rate of 20,000 square miles (51,800 square kilometers) a year. Desertification leads to famine, mass starvation and human migration.
When a large segment of the population is facing a drastic cut in income in the face of escalating food prices we have a catastrophic problem in the making. Today we have the simultaneous events of income deflation and food inflation; two high-speed express trains coming down that tracks at each other, a financial crisis colliding with staggering crop losses, which are cutting deeply into available planetary food reserves. Prices of food are beginning to sore again just as millions are losing the ability to afford a reasonable diet though little of this is being observed or reported but soon even the blind will see.
From corn to crude, prices for a wide range of commodities are
on the rise across the globe. In recent months, global food prices
have been growing at a rate that rivals some of the wildest months
of 2008, when food riots erupted across the developing world.
January 9th Wall Street Journal