Archive for February 9th, 2013

09/02/2013

Food Is the New Oil; Land, the New Gold

By Lester R. Brown*, president of Earth Policy Institute, February 07, 2013 – The world is in transition from an era of food abundance to one of scarcity. Over the last decade, world grain reserves have fallen by one third. World food prices have more than doubled, triggering a worldwide land rush and ushering in a new geopolitics of food. Food is the new oil. Land is the new gold.

**Packaged food aisles at Fred Meyer, an American grocery store | Credit:Original by lyzadanger. Edit by Diliff | Wikimedia Commons

**Packaged food aisles at Fred Meyer, an American grocery store | Credit:Original by lyzadanger. Edit by Diliff | Wikimedia Commons

This new era is one of rising food prices and spreading hunger.

On the demand side of the food equation, population growth, rising affluence, and the conversion of food into fuel for cars are combining to raise consumption by record amounts.

On the supply side, extreme soil erosion, growing water shortages, and the earth’s rising temperature are making it more difficult to expand production.

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