The Economics of Food: How Feeding and Fueling the Planet Affects Food Prices
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The Economics of Food: How Feeding and Fueling the Planet Affects Food Prices

by Patrick Westhoff
     
 

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ISBN-10: 0137006101

ISBN-13: 9780137006106

Pub. Date: 03/19/2010

Publisher: FT Press

Over the past two years, food prices have soared -- and plummeted. As crops are increasingly shifted to biofuel production, will food prices soar again? Will people starve as a result? What are the hidden relationships between the food on your plate and the gas in your car? Will economic recovery lead directly to massive price inflation in both food and energy? In

Overview

Over the past two years, food prices have soared -- and plummeted. As crops are increasingly shifted to biofuel production, will food prices soar again? Will people starve as a result? What are the hidden relationships between the food on your plate and the gas in your car? Will economic recovery lead directly to massive price inflation in both food and energy? In this book, one of the world's leading experts untangles the complex global relationships between food, energy, and economics and helps readers come to their own conclusions about the future of food. Pat Westhoff reveals what really causes large swings in food prices and what is likely to cause them to rise and fall in the future. Westhoff discusses all the factors that drive changes in the cost of food: not just biofuel production, but also weather, income growth, exchange rates, energy prices, government policies, market speculation, and more. Next, he walks through several of the most likely scenarios for the future, offering insights that will be indispensable to consumers, commodity speculators, and policymakers alike.

Product Details

ISBN-13:
9780137006106
Publisher:
FT Press
Publication date:
03/19/2010
Pages:
247
Product dimensions:
5.50(w) x 8.30(h) x 1.10(d)

Table of Contents

Introduction: What Goes Up 1

Chapter 1 Biofuel Boom 9

Chapter 2 Tell Me the Oil Price 35

Chapter 3 Policies Matter 55

Chapter 4 Rain and Grain 81

Chapter 5 Money in the Pocket, Food on the Plate 97

Chapter 6 Food Appreciation and Dollar Depreciation 115

Chapter 7 Speculating on Speculation 129

Chapter 8 Stuff Happens 143

Chapter 9 A Longer View 157

Appendix Food 101 181

Endnotes 215

Index 233

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