Tuesday July 25, 2006 | ${log.root}/lowem.log Inflation, Investing and Everything |
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peakoil.com -> infoshop.org : Brace yourself for crises at the cash register. Major price hikes for food are coming, as Peak Grains join the lineup of life-changing events such as Peak Oil and Peak Water. Turns out that if massive disaster strikes, there's enough in the global cupboard to keep people alive on basic grains for 57 days. Two months of survival food is all that separates us from mass starvation due to drought, locusts, or the wars and violence that disrupt farming. The last time reserves were this low, in 1973, the world price for wheat went up six-fold. At 6 times its current price, wheat could fetch $21 a bushel. Planning measures that prohibit urban sprawl onto good farmland become axiomatic. So do government incentives such as guaranteed minimum prices for farmers producing basic foods. And so do measures that promote food production in cities - not as a healthy hobby, but as a public health essential. A garden on top of every garage, a veggie stew in every pot: we will see this and more in the years ahead. See also : 1. UN agency predicts sharp decline in world cereal stocks (2006-07-25 07:53:57 SGT)
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