The Economist: The End Of Cheap Food

Rising food prices are a threat to many; they also present the world with an enormous opportunityFOR as long as most people can remember, food has been getting cheaper and farming has been in decline. In 1974-2005 food prices on world markets fell by three-quarters in real terms. Food today is so cheap that the West is battling gluttony even as it scrapes piles of half-eaten leftovers into the bin.

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