Rising Food Prices Essay Venezuelan Food Crisis World Food Crisis Food Crisis In America Venezuela Crisis Essay Essay on Tyson Food Case

1. Rising Food Prices Essay
Rising Food Prices Introduction: Food prices have been on the rise and have become a global issue.
Prices have soared over the past year and a half and threaten to go up further if issues are not
addressed immediately. Below is a look at how prices have been over the past year. Figure 1. FAO
Food Price Index: February 2007 – January 2008 Source FAO, 2008 In this project, we attempt to
find out the causes for this price rise, the trends of the rise and the effects that this rise has had on
us. Causes: 1.High demand for food in developing countries: The growing world population is
demanding more and different kinds of food. Rapid economic growth in many developing countries
has pushed up consumers' purchasing power, generated...show more content...
Drought has already led to significant changes in Australia's agricultural trends. Some farmers are
abandoning rice, which requires large amounts of water, to plant less water–intensive crops like
wheat or, especially in southeastern Australia, wine grapes. Other rice farmers have sold their fields
or their water rights, usually to grape growers. Scientists and economists worry that the reallocation
of scarce water resources – away from rice and other grains and toward more lucrative crops and
livestock – threatens poor countries that import rice as a dietary staple. As we see in this data,
since grape production gives the farmers more profit they are turning to grape production instead
of rice. Things like this are causing rice prices to go up tremendously. Even with the recent
doubling of rice prices, to around $1,000 a metric ton for the high grades produced by Australia, it
is even more profitable to grow wine grapes. 3.Rise in oil prices and effect on food prices Oil prices
have risen exponentially in the last few years and this has had a tremendous effect on the food
prices. Oil prices have increased by more than 4 times in the last 6 years. This means that it costs
four–times as much to plant, irrigate, harvest and transport as it was six years ago. 4.Policy effects
Many countries are taking steps to try to minimize the
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2. Venezuelan Food Crisis
During the recent shortage of food in Venezuela, suffering Venezuelans broke into Caracos zoo,
after dark, and butchered a black stallion for food. Previous to this occasion, Vietnamese pigs and
sheep were also butchered to help alleviate the suffering caused from food scarcity. This food
crisis has not only impacted humans, but it has also impacted animals as 50 animals have perished
in the past 6 months, according to Marlene Sifontes, union leader for an agency that manages zoos
(Alexander). Sifontes also says that Lions, Tigers, and Elephants have had to alter their diets in
order to compensate for their reduced rations of food. Nicolas Maduro has served as president of
Venezuela for the past three years and is currently suffering from
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3. World Food Crisis
Microeconomics
H.W. Assignment
World Food Crisis
Professor:
Student:
2011
Food is the foundation of human live and people cannot survive without it. Food security is a vital
issue facing the governments around the world. However, food shortage is becoming increasingly
severe in this day and age. There are several reasons which led to the universal food shortage and
they are interconnected to each other. Increasing world population, extreme weather and the wide
spread use of biofuels are the main causes of worldwide shortage of food. These factors lead to food
price rises rapidly.
Global food crisis is being compounded by several causes such as growing population,...show more
content...
But what happens if the U.S. scenario is worse than a "nonrecord" harvest? What if there's a
Russia–scale crop failure here at home?
"When we have the first serious crop failure, which will happen," says farm commodity expert Don
Coxe, "we will then have a full–blown food crisis" – one far worse than 2008.
Coxe has studied the sector for more than 35 years as a strategist for BMO Financial Group. He
says it didn't have to come to this. "We've got a situation where there has been no incentive to
allocate significant new capital to agriculture or to develop new technologies to dramatically expand
crop output."
"We've got complacency," he sums up. "So for those reasons, I believe the next food crisis– when it
comes – will be a bigger shock than $150 oil."
A recent report from HSBC isn't quite so alarming...unless you read between the lines. "World
agricultural markets," it says, "have become so finely balanced between supply and demand that
local disruptions can have a major impact on the global prices of the affected commodities and then
reverberate throughout the entire food chain."

4. That was the story in 2008. It's becoming the story again now. It may go away in a few weeks or a
few months. But it won't go away for good. It'll keep coming back...for decades.
There's nothing you or I can do to change it. So we might as well "hedge" our rising food costs by
investing in the very commodities whose prices
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5. Food Crisis In America
In the 2007 the major food crisis started, and 10 years later here we are still in a major food crisis
with a population that is spiking up drastically, everywhere is running out of food America, third
world countries, just everywhere.In 2007 the shortage of rice, bread, corn, wheat, and many other
foods started.But yet everyone still kept trying to shut down farms and farmers which is who
provides most of the food that everyone eats.These farmers now don't have money to buy the food
that the prices are jacked up on because so many are trying to put them out of a job.Switching over
to a vegetarian diet is another big issue and part of the shortage if you eat all of the things that we
are running low on and not the things that reproduce we
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6. Venezuela Crisis Essay
The oil–rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was
for many decades considered among the wealthiest nations in the entire continent. While having the
largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very
black gold that has been the cause of its success has also proven to repeatedly be its kryptonite.
Over half of the nation's Gross Domestic Product stems from petroleum exports – which equates to
approximately 95% of total exports. It is really not too hard to imagine what drastic consequences
shifts in global oil prices could have on the economy. With the huge glut in old prices that began in
2014/15, the Venezuelan economy took a complete nosedive....show more content...
He had established Mercals, or people's markets, where various basic goods were distributed by the
state at highly subsidized prices. A few years into power, in 2006, just short of 16,000 stores
across the country was offering subsidized goods at approximately 30 percent less than market
prices (Weisbrot and Adndoval 2007, 2). This led to over 9 million people purchasing their food at
Mercals by
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7. Essay on Tyson Food Case
History In 1935, John Tyson started what would later become Tyson Foods Inc. Through forward
and backward integration the family business grew into a fully integrated leader of the poultry
industry. Their mission is to become the undisputed world leader in growing, processing, and
marketing chicken and chicken–based food products. Stated and Implied Objectives Profit – Net
Income increased 816.7% in 1999; Mostly attributed to divestments from meat and seafood business
lines; maintain a profit growth Growth – Sustain growth, achieve success in present environment and
position Tyson for the future Citizenship– Obey safety and health regulations, take good care of
their people, and be socially responsible Survival – Continue to...show more content...
* Control of manure– Environmental hazard. * Disposal of animal carcasses– Environmental
Protection Agency suit. Opportunities: * E–commerce– Actively pursuing to do business on–line. *
Horizontal growth– Growth into international markets. * Western U.S.– Expand geographic
distribution. * Joint ventures– Insert place in foreign operations. * Fast food chains– Compete for
market share with Pilgrim's Pride dominance in Wendy's, KFC,etc. * Recycling/ gasification
facilities– Use of chicken by–products to power production facilities. Threats: * Environmental
Protection Agency– Regulations on waste disposal. * Government regulations– Tyson placed on
probation. * Barriers to entry– International markets * Animal right activists– Slandering company
name through internet. * Drought– Changing costs in grain, their main food ingredient * Substitute
products– Turkey, beef, and pork industries. Issues The control of manure waste, within Tyson's
facilities, was an environmental issue that caused problems. The Environmental Protection Agency
regulated manure disposal and required containment for such waste. This forced Tyson to come up
with a solution for controlling the waste in order to decrease the risk of environmental lawsuits.
Tyson faced another waste control issue with the disposal of animal carcasses. Environmentalists
were worried about feathers, bones, and other
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