Sunday, May 1, 2022

Food Supply Protectionism is Rapidly Spreading as Global Organizations Like The IMF Warn of Consequences

This is an update to an ongoing issue we started seriously discussing last October when it became clear that if the trajectory was followed, "The absence of food will change things."

The International Monetary Fund is continuing to send warnings with increased urgency about the very real possibility of widespread food shortages in regions where food instability is a historic issue.

"The war in Ukraine has triggered a sharp increase in energy and food prices that could undermine food security in the region, raise poverty rates, worsen income inequality, and possibly lead to social unrest," the Fund said in its annual Regional Outlook for Africa.

Experts in multiple related agricultural fields have openly started to discuss and predict a looming crisis as the majority of the global food supply is contingent on only one or two growing cycles per year for harvest.

Russia's invasion of Ukraine has unleashed a new wave of protectionism as governments, desperate to secure food and other commodities for their citizens amid shortages and rising prices, erect new barriers to stop exports at their borders.

Since the beginning of the year, countries have imposed a total of 47 export curbs on food and fertilizers - with 43 of those put in place since the invasion of Ukraine in late February, according to tracking by Simon Evenett, a professor of international trade and economic development at the University of St. Gallen.

With all of this global concern over food production and food instability, one might ask why our own government is not doing everything possible to increase farm yields in the U.S. this year.
 

https://theconservativetreehouse.com/blog/2022/04/30/food-supply-protectionism-is-rapidly-spreading-as-global-organizations-like-the-imf-warn-of-consequences/ 

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