By Bette Jean Crews, President of the Ontario Federation of Agriculture
Food prices are on the rise around the world. Some countries have predicted that the rise in food prices will bring food shortages for future generations, and protests have ignited over the higher costs for food.
The causes for rising food prices are complex. Higher input costs are partially to blame for the rising cost of food, particularly fuel. Gasoline prices in Ontario rose 16% in December alone, and other input costs for seed, fertilizers, processing and distribution have also increased. Global weather is another factor, with weather and disease affecting the food supply internationally in Russia and India. Pair that with commodity price fluctuations, export controls, and other policy measures, and it begins to become clear why the food production worldwide is at risk.
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May 13, 2024
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