Thursday, March 13, 2008

World Food Program warning on soaring food prices

I. Citation
World Food Program warning on soaring food prices. International Herald Tribune. March 6, 2008.
http://www.iht.com/articles/2008/03/06/business/FOOD.php">


II. Summary
Every day across the globe, over 25,000 people die from hunger or related illness. Food prices are expected to continue rising until at least 2010. This will cause anarchy on the streets of poorer nations and a “new hunger.” High oil and energy prices, climate change, demand for food from countries like China and India, and low food stocks have created this dilemma. Commodity costs have increased by 40% since 2007. There will be a new group of hungry people, people who had money, but cannot keep up with the soaring prices. Violence in the form of riots is expected to occur in poorer countries. This has happened before in Burkina Faso, Cameroon, and Senegal. One solution would be to use less land for biofuels and more for agriculture production. A difficult decision that needs to be made is whether to provide 40% less food or help 40% less people.

III. Reactions
a) This article relates to the theme "Creation, expansion, and interaction of economic systems" because it deals with the problem with agriculture production and food prices. It is inevitable that world hunger will increase.
b) The demand for new forms of energy due to global warming and increased prices of oil and electricity have taken up important space needed for agriculture production. Biofuel production takes up this land and is being questioned if using these fuels will even help the environment in a significant way. 25,000 people already die from hunger each day, and the amount is going to increase with rising food prices.
c) Darren Ennis, nationality unknown, is a male that reports for Reuters. He is an outsider on the food prices rising situation because he has a job and has the time to travel to get stories to report.
d) One should be cautious when reading this article because it is evident that the author believes in using more land for food production than for biofuel production, which is helpful to the environment we all know and love.
e) Obviously, I would want to hear from a person that is vulnerable to the "food inflation crises." It would give an inside opinion on what is going on and what this person thinks should be done. Also, we would find out how this person would react in the event that he or she ends up not being able to provide for him or herself.
f) After reading this article, I realize that more needs to be done to help the hungry and prevent food prices from increasing the amount of hungry people. There are alternate energy sources (hydrogen, solar energy, wind, water, natural gas), so biofuel production lands should be used for food production. The decision of whether to help 40% less people or provide 40% less food due to budget should never have to be made. Also, more deaths will come along with destruction when people understandably begin to riot. Food prices need to be lowered for the good of the world!

No comments: