01:450:102 Lecture Notes - Lecture 17: Price Premium, Organic Food, Environmental Health
28 Jan 2020
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Document Summary
World food production in 2000 was 2. 4x greater than in 1961. Demand for vegetables and fruit year round has lead some countries to diversify agricultural production. In a globalized food system the costs of shipping produce around the world are less than the profits available by exploiting global demand. A vegetable with a defined growing season in the northern hemisphere. In the uk demand has risen 540% in ten years! Peru is the number one global exporter. A reaction against the increasing use of pesticides, herbicides, and artificial fertilizer. Concerns about agriculture"s impact on biodiversity and broader environmental health. Yields of organic food on average 25% less than conventional farming. Price premium excludes those who can"t afford it. An attempt to address the imbalances in global commodity markets - to give more to producers. Very large impact in coffee, cocoa and bananas. Farmers must adhere to certain standards, and receive a minimum price in return.
