3min chapter

Patrick Boyle On Finance cover image

The Coming Food Catastrophe

Patrick Boyle On Finance

CHAPTER

Global Food Shortages - What to Do About Them

The world bank is warned that for each percentage point increase in food prices, ten million additional people are thrown into extreme poverty. The most recent period in history where we saw similar spikes in food prices was in two thousand and seven. In a situation where the war drags out much longer, several planting and harvesting seasons could be missed. There could additionally be an escallation of sanctions, which at some point could also include some agricultural commodities. This could result in significant problems in global food availability.

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