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Paul J

Food Prices and Supply News - The New York Times - 0 views

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    This article is a great demonstration of the many factors that can cause supply to fluctuate; hence, causing the pricing of the goods fluctuate as well. In the article we can see something that a few of the students in the class that are also from Indiana can relate to quite a bit, this being the massive effect that droughts can have on the economy and supply of products in general. 
anonymous

Scarcity of food in the world - 1 views

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    This website is very interesting on not just a world scale, because most people have already heard of the food problems in the world, but as well on a local scale. Meaning the article talks about how the average human is contributing to this growing problem.
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    This article does a really good job at capturing the chain effect of changes in the world. An example is how they talk about how water shortage affects food shortages. People tend to overlook how much one disaster can cause many others.
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    I agree full heartedly with what Landon has said, as well as what you have said Miro, in regards to the chain affect of changes as well as the fact that understanding problems on a local scale is important. I know that we in Indiana have really been hit hard by drought this year, and we have seen first-hand how the lack of rainfall hurts everyone. The chain reaction of sorts begins with the farmers, who had a horrible growing season in Indy this year, and thus they passed on the cost to the consumer. We are having to pay noticeably more for all grown products this year, and it really is a testament to the harsh reality that is the chain affect that Landon mentioned, as well as a wake up call to all of us here that economic problems exist everywhere, and just because we live in a well developed place doesn't mean we are safe from them.
anonymous

Scarcity of beans hits Lagos - 0 views

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    Newly harvested beans in Lagos are being destroyed by floods and bombs. This has led to an increase in the prices of beans, almost reaching a 300% hike. This scarcity has forced the public to look for other sources of food such as rice and plantain.
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    This article examines the impact of scarcity on not only farmers but also the sellers of the bean. Due to the unfortunate drought, the been has become a scarce resource which lead to the hike in price. Farmers are finding it hard to grow this bean and meet the demand. the consumer is looking for alternatives such as rice and plantain however the seller seems to be the most affected. He had to "beg" and is now facing financial difficulties as he relied on the sale of the beans
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