The economics of food

The economics of food

by Patrick C. Westhoff

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In recent years, food prices have soared--and plummeted. As crops are increasingly shifted to biofuel production, will prices soar again? What are the hidden relationships between the food on your plate and the gas in your car? Will economic recovery lead directly to massive inflation in both food and energy? What do food prices have to do with world hunger? Now, one of the world's leading experts untangles the complex global relationships between food, energy, and economics and helps readers draw their own intelligent conclusions about the future of food. Patrick Westhoff discusses the factors that drive food pricing: not just biofuels but also weather, income growth, exchange rates, energy prices, government policies, market speculation, and more. Next, he walks through several scenarios for the future, offering indispensable insights for consumers, commodity traders, and policymakers alike.

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