Speculative Investment and the Global Food Crisis

Global Food Politics

There’s been a great deal of discussion in recent weeks about the recent spike in global food prices. Nearly all agricultural crops—from cotton to rice, from wheat to cocoa—are near 30 year highs. The respite from 2007-08 food crisis appears to have been short-lived, and most analysts are pointing to a protracted period of expensive food.

US Secretary of Agriculture Tom Vilsack last week published an op-ed in the Financial Times in which he outlines steps necessary to avoid a global food price crisis. His framing of the problem echoes the neo-Malthusian assumptions: too many people, too much demand from middle class consumers, and so on. His prescriptions are pretty much what you’d expect from someone in his position: more investment in agriculture, especially biotechnology, more free trade, conclusion of the Doha Round, and so on.

What’s perhaps most telling about Vilsack’s discussion is what’s missing. As I see it…

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About Dr. B. A. USMAN

I started as a field Veterinary officer with the Borno State Ministry of Agriculture and later joined College of Agric, maiduguri as a lecture & a researcher in the Department of Animal Health & Production. I was appointed the Provost of the College In 2003. 2007 I was appointed Hon. Commissioner & Member Borno State Executive Council and later appointed Permanent Secretary with the Borno State Civil Service in 2009. I was the National Facilitator Animal Health, National Programme For Food Security of the Federal Ministry of Agric & Rural Development, Abuja. I'm currently the Director, Veterinary Medicine & Allied Products (VMAP) NAFDAC, Nigeria. I engaged myself in various aspects of the veterinary profession. I'm a practicing Veterinarian & Strong Advocate of #SDGs most especially #SDGs 1, 2, 4 & 5 I founded Sril Group Ltd.
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