Reflections on the global food crisis: How did it happen? How has it hurt? And how can we prevent the next one?
AbstractCheap food has been taken for granted for almost 30 years. From their peak in the 1970s crisis, real food prices steadily declined in the 1980s and 1990s and eventually reached an all-time low in the early 2000s. Rich and poor governments alike therefore saw little need to invest in agricultural production, and reliance on food imports appeared to be a relatively safe and efficient means of achieving national food security. However, as the international prices of major food cereals surged upward from 2006 to 2008 these perceptions quickly collapsed. Furthermore, although food prices are now lower than their 2008 peak, real prices have remained significantly higher in 2009 and 2010 than they were prior to the crisis, and various simulation models predict that real food prices will remain high until at least the end of the next decade.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Food Policy Research Institute (IFPRI) in its series Research reports with number 165.
Date of creation: 2010
Date of revision:
food crisis; Food supply; food security; Food prices;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Headey, Derek, 2011.
"Was the Global Food Crisis Really a Crisis?: Simulations versus Self-Reporting,"
17, International Food Policy Research Institute (IFPRI).
- Headey, Derek, 2011. "Was the global food crisis really a crisis?: Simulations versus self-reporting," IFPRI discussion papers 1087, International Food Policy Research Institute (IFPRI).
- Abbott, Philip C. & Hurt, Christopher & Tyner, Wallace E., 2011. "What’s Driving Food Prices in 2011?," Issue Reports 112927, Farm Foundation.
- Peri, Massimo & Baldi, Lucia, 2013. "The effect of biofuel policies on feedstock market: Empirical evidence for rapeseed oil prices in EU," Resource and Energy Economics, Elsevier, vol. 35(1), pages 18-37.
- Headey, Derek, 2011. "Rethinking the global food crisis: The role of trade shocks," Food Policy, Elsevier, vol. 36(2), pages 136-146, April.
- Andrés González-Moralejo, Silvia & Soldado Llorens, Mº José, 2012. "Contribución de las variables que estimulan la producción agraria en España (1990-2009)/Analyse of the Main Variables Which Better Contribute to the Agricultural Production in Spain (1990-2009)," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 30, pages 367 (24 pag, Abril.
- Headey, Derek & Malaiyandi, Sangeetha & Fan, Shenggen, 2009.
"Navigating the perfect storm: Reflections on the food, energy, and financial crises,"
IFPRI discussion papers
889, International Food Policy Research Institute (IFPRI).
- Derek Headey & Sangeetha Malaiyandi & Shenggen Fan, 2010. "Navigating the perfect storm: reflections on the food, energy, and financial crises," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 217-228, November.
- Headey, Derek D. & Malaiyandi, Sangeetha & Fan, Shenggen, 2009. "Navigating the Perfect Storm: Reflections on the Food, Energy, and Financial Crises," 2009 Conference, August 16-22, 2009, Beijing, China 53212, International Association of Agricultural Economists.
- Drabik, Dusan, 2011. "The Theory of Biofuel Policy and Food Grain Prices," Working Papers 126615, Cornell University, Department of Applied Economics and Management.
- Antoine Bouët & David Laborde Debucquet, 2012. "Food crisis and export taxation: the cost of non-cooperative trade policies," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 148(1), pages 209-233, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.