Little guy on the food supply
It was a big week in the world. If you look closely, there were some serious indicators of the significance of the mounting impact of the “little guy” on the world economy, not least of which is on the food supply.
In Vancouver, the price of a bag of rice has risen more than 30 percent since the start of the year due to the pressure on supply from the developing world.
The price of fruits and vegetables? Here’s something exciting - prices are down over 20 percent here in Canada as the US dollar declines - could this mean a bright future for the small farmers in the U.S. in terms of exports?
Maybe this is another sign - Farmers markets… did you know they are the fastest growing segment of the food economy. The number of farmers markets has doubled twice in the last decade according to Bill McKibben, author of Deep Economy. Kind of goes in line with the advice of environmentalists to eat local produce first.
Want another one? Potash Corporation of Saskatchewan. ….Saskatechewan? Something big is happening in Saskatchewan? Yep, Potash Corporation just yesterday surpassed the Royal Bank of Canada with the largest market cap in Canada - over $65B. The price of potash has increased nearly 5 times in the last year thanks to the increasing demand for fertilizers which have potash as a key ingredient. Growing all the food the world needs to feed itself is destined to keep driving growth in value for what might be a yawn for the rest of us city folk.
My point of all this is we are seeing some very clear signals of how the rapidly growing population of the earth and the current of globalization are starting to change everything. The demographics of our world today are like nothing the world has ever seen before. Al Gore raised the flag. Now the winds of change are starting to blow hard. I’m not sure we comprehend how quickly the change could accelerate.
I’m taking the signs to heart. What do you think is going to happen in the next 5 years. Add a comment. Love to hear what you all have to say.





