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

ISBN-10: 0137006101

ISBN-13: 9780137006106

Edition: 2010

Authors: Patrick Westhoff

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Are Food Prices About to Careen Out of Control Again? Do biofuels cause world hunger--or is that all just hype? What are government food and energy policies really doing? What do you need to know before investing in the food and energy sectors? Food prices are more volatile and uncertain than ever, and massive growth in biofuels has introduced a huge new wildcard. Do more biofuels mean more hunger? Will a recovering economy raise food prices--and how much? The answers to questions like these will powerfully impact everyone on Earth. Now, leading researcher Patrick Westhoff has written the first objective, easy-to-understand primer on one of the coming decaders"s most crucial issues: the profoundly interconnected economics of food and energy. Westhoff cuts through the competing, noisy arguments coming from the biofuels industry, food activists, and everyone else with an axe to grind or fortunes at stake. If you eat, drive, or invest...if you make public policy or try to influence need to read this book. 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 foodandenergy? What do food prices have to do with world hunger? Now, one of the worldrs"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 reveals whatreallycauses large swings in food prices--and what may make them careen wildly in the future. 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. Policies matter--more than you realize Governmentrs"s surprising impact on food prices--domestic and foreign Money in your pocket, food on your plate How changes in income and the broader economy affect food prices Speculating on speculation What market speculators can--andcanrs"t--do to food prices Stuff happens Predicting the impact of the surprises you canrs"t predict
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Book details

List price: $29.95
Copyright year: 2010
Publisher: Financial Times/Prentice Hall
Publication date: 5/14/2010
Binding: Hardcover
Pages: 256
Size: 5.75" wide x 8.50" long x 1.00" tall
Weight: 0.836
Language: English

Introduction: What Goes Up
Biofuel Boom
Tell Me the Oil Price
Policies Matter
Rain and Grain
Money in the Pocket, Food on the Plate
Food Appreciation and Dollar Depreciation
Speculating on Speculation
Stuff Happens
A Longer View
Appendix: Food 101
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