Friday, October 12, 2012

Drought Not the Only Factor Driving Up Agricultural Prices - SPIEGEL ONLINE


The severe drought in the US has been blamed the rising prices of agricultural commodities. But that is only part of the story: Biofuels, financial speculation and changing dietary habits are also playing a role. The global food supply faces pressure from all sides.

Farmer Mike Geske speaks with the experience of generations. "Every major drought has its very own character," he says. It's a lesson derived from his family history. His grandfather, an immigrant from Germany, established a farm in Matthews, Missouri, and his father expanded it. Both related to Geske, now 62, several stories about droughts and what they did to keep the farm going.

See full Article: http://www.spiegel.de/international/business/drought-not-the-only-factor-driving-up-agricultural-prices-a-851068.html.