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The Economics of Food Patrick Westhoff

The Economics of Food By Patrick Westhoff

The Economics of Food by Patrick Westhoff


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The Economics of Food Summary

The Economics of Food: How Feeding and Fueling the Planet Affects Food Prices (paperback) by Patrick Westhoff

Over the past two years, food prices have soared -- and plummeted. As crops are increasingly shifted to biofuel production, will food prices soar again? Will people starve as a result? What are the hidden relationships between the food on your plate and the gas in your car? Will economic recovery lead directly to massive price inflation in both food and energy? In this book, one of the world's leading experts untangles the complex global relationships between food, energy, and economics and helps readers come to their own conclusions about the future of food. Pat Westhoff reveals what really causes large swings in food prices and what is likely to cause them to rise and fall in the future. Westhoff discusses all the factors that drive changes in the cost of food: not just biofuel production, but also weather, income growth, exchange rates, energy prices, government policies, market speculation, and more. Next, he walks through several of the most likely scenarios for the future, offering insights that will be indispensable to consumers, commodity speculators, and policymakers alike.

The Economics of Food Reviews

Westhoff (Food and Agricultural Policy Research Institute, Univ. of Missouri) offers his perspective on the markets for food, based on a lifetime of experience in the agricultural sector. His story starts with his childhood in rural Iowa, continues as a Peace Corps volunteer, and eventually leads to a doctorate in agricultural economics and a career in government and academia. His expertise is combined with a humility concerning the ability to accurately predict the future of agricultural markets. On short, an inviting examination of an important topic. Summing Up: Highly recommended. General readers and all levels of undergraduate students. Reprinted with permission from CHOICE, copyright by the American Library Association.

About Patrick Westhoff

Patrick Westhoff grew up on a small dairy farm in Iowa, just a few miles from the Field of Dreams. He earned an undergraduate degree in political science from the University of Iowa and then spent two years in the Peace Corps in Guatemala, working with small-scale farmers. After getting a master's degree in Latin American studies from the University of Texas, he moved back to Iowa and earned a Ph.D. in agricultural economics from Iowa State University in 1989.

From 1992-1996, he served as an economist with the U.S. Senate Committee on Agriculture, Nutrition, and Forestry. He worked on several major pieces of legislation, including the 1996 farm bill.

Westhoff has spent most of his professional career studying agricultural markets and policies with the Food and Agricultural Policy Research Institute (FAPRI), first at Iowa State University and now at the University of Missouri. FAPRI analysis is used by the U.S. Congress, the United Nation's Food and Agriculture Organization (FAO), the Organization for Economic Cooperation and Development (OECD), and national institutions in Europe, Asia, Africa, and Latin America. In November 2007, he was named a co director of the FAPRI unit at the University of Missouri (MU). The author also teaches and advises graduate students in the MU Department of Agricultural Economics.

Table of Contents

Introduction: What Goes Up 1

Chapter 1 Biofuel Boom 9

Chapter 2 Tell Me the Oil Price 35

Chapter 3 Policies Matter 55

Chapter 4 Rain and Grain 81

Chapter 5 Money in the Pocket, Food on the Plate 97

Chapter 6 Food Appreciation and Dollar Depreciation 115

Chapter 7 Speculating on Speculation 129

Chapter 8 Stuff Happens 143

Chapter 9 A Longer View 157

Appendix Food 101 181

Endnotes 215

Index 233

Additional information

CIN0133381056G
9780133381054
0133381056
The Economics of Food: How Feeding and Fueling the Planet Affects Food Prices (paperback) by Patrick Westhoff
Used - Good
Paperback
Pearson Education (US)
20130225
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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