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The World Food Crisis: Causes and Implications for Ontario Agriculture AgEcon
Weersink, Alfons; Hailu, Getu; Fox, Glenn; Meilke, Karl D.; von Massow, Mike.
The upheaval in the global food market involving the dramatic increases in crop prices and riots prompted by unaffordable food to many of the world’ s poorest has placed agriculture back in the public eye. Questions are being raised surrounding what has happened, why, and what can be done. This report has provided an overview of the food crisis and its potential impact on agri-food sector in Ontario. The boom in crop prices is primarily related to demand side factors rather than a supply-side shock from a production shortfall that were behind previous price spikes. There have been some supply side shifts: weather-related shortfalls occurred in the last two crop years, especially for wheat, yield increases are falling due to lagging research and...
Tipo: Working or Discussion Paper Palavras-chave: Food prices; Crop prices; Stock levels; Agricultural and Food Policy; International Development.
Ano: 2008 URL: http://purl.umn.edu/46503
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