foodprize

Food Economics and Consumer Choice

Today there are nearly 1 billion hungry people around the globe. Yet in only 50 years, our growing global population will require an estimated 100 percent more food than we produce today. Unfortunately, we will certainly not have 100 percent more high-quality land avail- able to grow twice the amount of grain or two times more livestock.The U.N. Food and Agriculture organization (FAo) reports that added farmland will help produce only 20 percent of the additional food our planet will need in 2050, and 10 percent will come from increased cropping intensity. Accordingly, the FAo concludes that 70 percent of the world’s additional food needs can be produced only with new and existing agricultural technologies.
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