Last weeks Budget injected the biggest government spend in New Zealand’s History, will this assist with stimulating growth and staving off inflationary effects or will it prove to be a milestone around the neck for future generations. This emphasis’s the need for many to dig a bit deeper, how to work and live smarter.
Food Price inflation, a flash in the pan or something more structural? , Prof Alan Renwick addresses:
• Why is it happening?
• Covid-19 Pandemic and Response
• Agriculture and Trade Policy
• Extreme Events
• Russian Invasion of Ukraine
Highlight’s New Zealand’s ranking on a Global comparison.
What is clear is even if things settle down again shocks are becoming more frequent and probably more severe.
Therefore this does raise serious questions about the resilience of our current global food system
More importantly, shocks and crises have become the new norm, which calls for a fundamental rethink in how food is produced, traded and consumed.
The increased frequency and severity of shocks, whether as a result of extreme weather events, pandemics, or conflict, means the world needs to diversify where and how food, fertilizer and energy needs are sourced. The concentration of production and trade in too few places, and by too few companies, is a real threat to global food security.
Professor Alan Renwick
Agribusiness & Commerce
Lincoln University
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