Mar 28 2011, 03:49 PM
QUOTE(LionheartTwb @ Mar 25 2011, 08:27 PM)
Base on this statement: We need more farmers, not economists, how can we face the problem of the rising of global food price?
What can we do other than producing more supply of food?
As in this case what i know is the demand for the food globally is rising and that is most probably why the price is rising.
So one way to do is to increase the supply of the food. But what else? (also please correct me if i wrong)
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This is my microeconomies term paper and it is annoyingly hard for me as I m just newbie to economy.
I think of other solutions like setting ceiling price or apply technology in production of food but these methods are not related the the statement "We Need More Farmer, Not Economist" !
Yes, the increase in number of farmers (given that it is directly proportional to the food production) will reduce the food price. What can we do other than producing more supply of food?
As in this case what i know is the demand for the food globally is rising and that is most probably why the price is rising.
So one way to do is to increase the supply of the food. But what else? (also please correct me if i wrong)
---------------------------
This is my microeconomies term paper and it is annoyingly hard for me as I m just newbie to economy.
I think of other solutions like setting ceiling price or apply technology in production of food but these methods are not related the the statement "We Need More Farmer, Not Economist" !
However, there are many other determinants to the food price.
Other than producing more, i think we can localize food production (not only geographically, but also in term of management). This will reduce the need for expensive logistics and management. This might requires an overhaul to the usual way a business is run. Perhaps looking up 'Holonic Management' will help, but it is still highly theoretical and practical proof are yet to be shown. There is one african company that greatly emulates holonic management.
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