Profile picture for ThreatConDelta

What factors would cause food shortage?

I see some threads talking about this.
  • February 25 2009 - Miami
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Answers (3)

Profile picture for Blue Nile
The "official" explination for both Rice and Corn was the same... "speculation".  Same thing that drove gasoline prices up and back down.

They tried for a while to explain away the corn as "increased demand"; but when you look at the final numbers, more was put in "storage" than implied, and demand had not gone up from the previous year.  The supply was more than sufficient to cover the demand; but the speculators removed some from the market.

  • February 26 2009
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Profile picture for Mr Caveat
compared to last year where there was a huge shortage of food in china/asia which drove the costs of grain through the roof here too, this year SHOULD be a walk in the park...

what was the official explanation of why the food shortage last year? ethanol? did we do anything to fix that problem? i remember it was both rice/grains and meats(pork, chicken), which i thought was weird at the time...

anyone got an article for me?(i get lazy at 3 am)
  • February 26 2009
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Profile picture for Blue Nile
Most of the discussion about food is not "shortage", but "increased cost".  As long as no major fires, flood, locusts, nuclear radiation... and as long as no trade imbargos or oil boycotts; the normal adjustment in price prevents "shortages".   Still, dragnet fishing does prevent the sustainable reproduction of the fish supply.

But if government ever tries to "fix" the price of foods; we are in big trouble as hording will quickly clear the shelves.  We saw it with gasoline in the 1970's.  Lines 3 blocks long, and legally could only buy on selected days according to the vehicle licence plate.



  • February 26 2009
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