A full 40 percent of the corn crop in the United States, and a similar percentage in Canada, now end up in cars instead of stomachs. Also, fewer crops means higher prices to recoup their costs and climate scientists predict the problem is only going to get worse. Some experts feel that the financial crisis that swept the world beginning in 2008 also had an impact on food prices. Investing in the rising price of food seemed to make it a safe bet. Since the rises of food bank usage started in 2008 and has been escalating ever since. Governments’ response to rising food prices is more than 30 food-exporting countries banned exports in 2008, fearing food shortages at home and the political instability that might follow. Such bans reduce supply to the world market and drive the price for importing countries even higher. Russia did this recently when wheat prices rose sharply in 2010 (http://www.oxfam.ca/grow/learn/why_food_prices_are_rising). This has lead to many families and individuals not generating enough income to afford the raised prices on food. However, they are some possible solutions to this
A full 40 percent of the corn crop in the United States, and a similar percentage in Canada, now end up in cars instead of stomachs. Also, fewer crops means higher prices to recoup their costs and climate scientists predict the problem is only going to get worse. Some experts feel that the financial crisis that swept the world beginning in 2008 also had an impact on food prices. Investing in the rising price of food seemed to make it a safe bet. Since the rises of food bank usage started in 2008 and has been escalating ever since. Governments’ response to rising food prices is more than 30 food-exporting countries banned exports in 2008, fearing food shortages at home and the political instability that might follow. Such bans reduce supply to the world market and drive the price for importing countries even higher. Russia did this recently when wheat prices rose sharply in 2010 (http://www.oxfam.ca/grow/learn/why_food_prices_are_rising). This has lead to many families and individuals not generating enough income to afford the raised prices on food. However, they are some possible solutions to this