grain growing Articles
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Bumper 2011 Grain Harvest Fails to Rebuild Global Stocks
The world’s farmers produced more grain in 2011 than ever before. Estimates from the U.S. Department of Agriculture show the global grain harvest coming in at 2,295 million tons, up 53 million tons from the previous record in 2009. Consumption grew by 90 million tons over the same period to 2,280 million tons. Yet with global grain production actually falling short of consumption in 7 ...
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U.S.-India: Dealing With Monsoon Failure
The scene plays out in India. At a reception, I met the head of Indian operations for Esso (now ExxonMobil). When I asked him how business was, he said it was great. In particular, diesel sales to fuel irrigation pumps were nearly double the previous year’s level. Why? Because farmers were pumping continuously to try to save their crops. Soon after, I met an embassy staff person, an avid ...
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Why We Launched Indigo Marketplace
The system by which we grow and distribute grain is well over a hundred years old. In the early 1900s, with significant urban migration, came the need for an efficient way to transport crops from rural areas to city centers. This led to the development of a commodity system, in which growers brought their harvested grain to silos where it was mixed with their neighbors’. Growers were paid a ...
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New Era of Food Scarcity Echoes Collapsed Civilizations
The world is in transition from an era of food abundance to one of scarcity. Over the last decade, world grain reserves have fallen by one third. World food prices have more than doubled, triggering a worldwide land rush and ushering in a new geopolitics of food. Food is the new oil. Land is the new gold. This new era is one of rising food prices and spreading hunger. On the demand side of the ...
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