Consumers believe if they create a large demand for product, the niche markets will produce enough product even when the population continuously increases. This negatively impacts the industry because consumers then create an increased demand for this product, and the producers supply as much as possible. According to the “The Future of Food” article written by I. Y. R. Odegard and E. Van Der Voet it states, “Presently, a billion people are undernourished and the FAO estimates that food production needs to increase by 70% in 2050 to feed the global population” (51). The increase in population creates an even greater demand for products, and the producers need to figure out how to increase production. If producers do not increase production,
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Producers and consumers believe this to create a challenge for the future. In the article “The Future of Food” it states, “Demand-side solutions should target wastage and animal product consumption. On the supply side, technological development and better feeding efficiency will increase yields” (Odegard 51). Producers need to focus on how to feed their livestock more efficiently to produce a greater amount of product, and consumers need to focus on not wasting as much food. Both feeding the livestock more efficiently and not wasting food products will help the quantity supplied and demanded meet in the …show more content…
If less food was wasted, the production of necessary products do not need to increase as much to feed the increased population. The quality of food shifts away from receiving protein from meat. A lower amount of meat consumed and an increased amount of other protein sources consumers need to accept. The quality of products only continues to stay constant if GMOs can be used in the products. Parekh and Gregg explain, “The main drivers for accepting and integrating GMOs include the economic and novelty of products and services this technology offers and its ability to help meet the demand of food supply and quality of life of the world’s increasing population” (6). GMOs created for agriculture mainly address the issue of producing more of something on the same amount of land. One example of a GMO in crops is Round-up Ready Corn; this product resists Round-up meaning Round-up does not affect the corn plant when applied to the field. It is designed to affect the weeds around the corn. Round-up Ready Corn helps increase the amount of corn produced in the same amount of land used before by eliminating the weeds taking the nutrients the corn uses. In the future, GMOs will be able to help with the quantity and quality of products the population
Producers and consumers believe this to create a challenge for the future. In the article “The Future of Food” it states, “Demand-side solutions should target wastage and animal product consumption. On the supply side, technological development and better feeding efficiency will increase yields” (Odegard 51). Producers need to focus on how to feed their livestock more efficiently to produce a greater amount of product, and consumers need to focus on not wasting as much food. Both feeding the livestock more efficiently and not wasting food products will help the quantity supplied and demanded meet in the …show more content…
If less food was wasted, the production of necessary products do not need to increase as much to feed the increased population. The quality of food shifts away from receiving protein from meat. A lower amount of meat consumed and an increased amount of other protein sources consumers need to accept. The quality of products only continues to stay constant if GMOs can be used in the products. Parekh and Gregg explain, “The main drivers for accepting and integrating GMOs include the economic and novelty of products and services this technology offers and its ability to help meet the demand of food supply and quality of life of the world’s increasing population” (6). GMOs created for agriculture mainly address the issue of producing more of something on the same amount of land. One example of a GMO in crops is Round-up Ready Corn; this product resists Round-up meaning Round-up does not affect the corn plant when applied to the field. It is designed to affect the weeds around the corn. Round-up Ready Corn helps increase the amount of corn produced in the same amount of land used before by eliminating the weeds taking the nutrients the corn uses. In the future, GMOs will be able to help with the quantity and quality of products the population