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To nourish the world population in 2050, we must increase food availability by 70 to 100%. This means that we need to engineer a shift towards policies that support innovation, productivity and sustainability and that provide farmers with the skills they need to grasp the opportunities of strong demand and high prices.
OECD Trade and Agriculture Director Ken Ash speaks with Rose O'Donovan, editor of Agra Focus and Agra Facts, about agricultural productivity, reform of the European Union's Common Agricultural Policy (CAP) and ensuring global food security.
Government support to agriculture in OECD countries fell to 18% of total farm receipts in 2010, a record low linked to high commodity prices, but has been rising in large emerging economies, according to a new OECD report.
What do you do if a small rise in the price of bread or rice means your family goes hungry? Will it be possible to increase food production fast enough to keep pace with population growth in years to come? Are high food prices here to stay?
Over the coming decade, higher food prices and volatility in commodity markets are here to stay. This raises concerns for economic stability and food security in some developing countries, with poor consumers most at risk of malnutrition, said OECD Secretary-General.
Food prices are literally a matter of life and death, especially for the poorest of the poor, who already spend up to 80% or 90% of their income on food. Unfortunately, our medium term projections for global supply, demand and prices of agricultural commodities show that most prices look likely to trend significantly higher in the coming decade.
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The OECD’s 50th Anniversary is an opportunity to reaffirm what we stand for and what we are about. After 50 years, our objective is and remains to help member and partner country’s governments to formulate and implement better policies for better lives.
Surging food and commodity prices are undermining efforts to tackle global poverty and hunger and threaten economic growth, said OECD Secretary-General Angel Gurría.
“We cannot return to business-as-usual” has been a constant refrain since the economic crisis started. How can new growth sources be tapped? What about fighting poverty, and ensuring food and energy supplies while safeguarding our planet? OECD experts discuss the issues.
Unpredictability is one of the reasons food commodity prices have been so volatile over the past year. With prices on the rise the global bill for food imports will top a trillion dollars, a level not seen since prices peaked in 2008.