Lloyd’s takes a look at the fragility of the world’s food production system in the face of ever growing demand.
Read the full report by clicking the photo!!!
Lloyd’s of London Food System Shock June 2015
Here are a few sobering key findings of the report.
Suggestions: Develop the hobby of gardening. Promote the keeping of backyard poultry in your community. Stock up on dried milk products while they are still available. Know where the flooding rivers might impact your home. Develop the hobby of fishing. Learn how to listen to emergency reports. Join an amateur radio club and learn how to keep in touch without the use of cell phones. Severe weather events often disrupt the power grid, so develop the skills of using solar power. You can be identified as a farmer by the USDA if you sell at least $1,000 a year. Be prepared to protect what you have for your family. …
- A combination of just three catastrophic weather events could undermine food production across the globe.
- These could lead to a 10% drop in global maize production, an 11% fall in soybean production, a 7% fall in wheat production and a 7% fall in rice production.
- Wheat, maize and soybean prices could increase to quadruple the average levels experienced during the 20 years prior to the global food price shock of 2007/8. Rice prices could increase by 500%.
- The scenario indicates this series of events has the potential to lead to food riots breaking out in urban areas across the Middle East, North Africa and Latin America, leading to wider political instability and having knock-on effects for a wide range of businesses.
- While agriculture commodity stocks might benefit, the overall economic impact of high food prices, combined with rising political instability, could severely impact financial markets. The scenario indicates that the main European stock markets might lose 10% of their value and US stock markets 5%.
Food System Shock June 2015