
Opinion: The world is on the brink of a food shortage. Here’s what the US government and businesses can do to help
CNNEditor’s Note: Dana Peterson is an executive vice president and chief economist at The Conference Board. Importantly, higher prices and potentially falling inventories could mean greater food insecurity in the US and around the world. Boost benefits Meanwhile, higher prices for food in relatively wealthy economies, such as the US, could dent consumer spending and, consequently, overall GDP growth. The Census Bureau’s Household Pulse Survey reveals that as of mid-March, more than 21 million people in the US did not have enough food in the last week either some of the time or often. In the US, for example, federal government subsidies for domestic farmers — which include loans, quotas and food purchases, among other measures — can be changed to support greater grain output.
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