Iris Mir | During the last decade China’s food imports grew by 21% a year. The country is running out of arable land where to farm basic food like grains and cereals or where to grow its cattle. So it’s going abroad to acquire millions of hectares of land from other countries.
Food prices have spiked so high in August that many people around the developing world are having troubles to feed themselves. In the U.S. meat has become a luxury for many and the Department of Agriculture expects beef and veal prices to rise as much as 4.5 percent this year, and as much as 5 percent in 2013. Livestock farmers are hurting and the pork industry is losing millions. The…
If you take a map of the US, you’ll see that almost two thirds are under severe drought warning this summer. Thirty-three states are colored red, longing for rain. Some farmers in Missouri haven’t seen clouds in the sky for more than three months. Ranchers fear that soon they might have to sell their cattle. Crop producers are desperate since many do not have insurance. Yet the situation is not…