moldybluecheesecurds 2

Monday, April 07, 2008

Food price spikes: not so crazy if we kept some in the bank

I read this weekly farm policy column and it occasionally translates into the vernacular. This week's post notes the political unrest in many parts of the world as higher prices for food staples - corn, rice, and wheat - are creating significantly problems for developing countries. Part of the problem? The U.S. government nixed its policy of grain storage in 1996 as part of the ill-fated "Freedom to Farm" Act. Thus, a couple droughts or short seasons is all it takes to make people go hungry.


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