Food prices are set to go through the roof, all because of climate change.
As reported here, the International Food Policy Research Institute has warned that climate change could see food prices more than double, taking them up more than 130% in our lifetime. Rice prices could go up 78% and wheat prices by 67% because there will be shortfalls in production.
But then, it's more than just climate change. We are seeing a perfect storm of events and climate change is just one of them. The other factors include scarcities of water, good land, energy, nutrients, technology and over-fishing. The world is running out of farmland. Advanced farming depends entirely on fossil fuels likely to become scarce, supplies of nutrients for farming have peaked and fresh water resources are finite.
We can add to that population growth, consumer demand and protectionist trade policies.
This means the problem is complex because it's being driven by a range of forces. That in turn means there can be no silver bullet solution in the form of technology or subsidies.
To avoid the looming famine, all countries will have to find a global solution, much like what's happening now in Cancun with climate change.
Food is rapidly becoming the currency of the future. Everyone needs to stock up on non-perishable food products such as the food found at http://grow.myefoods.com. Additionally, every family needs to grow a vegetable garden. Time is of the essence.