Future of Food: Vast Implications for Investors
The Outthinking Investor
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The Global Food Price Spikes
The world was enjoying historically unprecedented growth in food supply per capita from 1960 to the late 1990s. Much of that was sparked by significant investment in the basic and applied science of improving agricultural production. Since then we've seen a steady growth in real food prices punctuated by some pretty serious food price spikes, most notably in late 2007 to 2009. These spikes in the global food price are a result of demand growth outpacing supply growth, inventory falls, and eventually the global food system becomes vulnerable to shocks.
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