Positive Future #793 (Feature photo – Restaurant Closures – public domain)
The global food price index has been rising steadily for the past 3 years as economies grew and more people could afford better diets. In 2020, with unprecedented purposeful global economic covid shutdowns, the food price index dropped, making food more affordable as the global food system was thrown into chaos. Now, coming out of that chaos, the food price index is climbing again. Only this time, how far must it climb to give farmers around the world an incentive to start producing again.
Dramatic losses of markets – particularly restaurants – has put agricultural production and its financing in a tailspin. What do you think will happen to the price of food as economies recover? You can see the Food Price Index here: