Building A Resilient Global Food System By Lowering Food Price Spikes And Volatility

Volatility and spikes in global food prices can have large and diverse impacts on the welfare of poor people, particularly their food and nutrition status. Although high and volatile price levels have subsided in recent years, the international community should not become complacent. The complex set of concurrent factors behind the recent food price crises in 2007–2008 and 2011—including diversion of crops for biofuel, extreme weather events, low grain stocks, and panicky trade behaviors—are still present or have the potential to reemerge. An important component of improving the stability of the global food system is to reduce price spikes and volatility that can destabilize future food availability and accessibility. The objective of this brief is to review the latest literature and developments related to actions taken in preventing and managing food price spikes and volatility and to identify future actions to build a more resilient global food system.

Economic shocks including food price shocks, environmental shocks, social shocks, political shocks, health shocks, and many other types of shocks hit poor people and communities around the world, compromising their efforts to improve their well-being. As shocks evolve and become more frequent or intense, they further threaten people’s food and nutrition security and their livelihoods. How do we help people and communities to become more resilient, to not only bounce back from shocks but to also to get ahead of them and improve their well-being so that they are less vulnerable to the next shock? How do we get better at coping with—and even thriving—in the presence of shocks?

On July 22-23, 2020, the Food Forum of the National Academies of Sciences, Engineering, and Medicine hosted a virtual workshop that explored the integration of the health, societal, economic, and environmental effects and future needs of the food system. The main objective of the 1.5-day workshop was to understand how to achieve a more sustainable, resilient, equitable, and nourishing food system. Workshop sessions examined three main dimensions of the food system: vulnerabilities, resiliency, and transformation. The workshop included discussions on global change, access to health and food, resiliency in complex dynamic systems and resiliency for the future, and consumption- and production-oriented strategies that could transform the food system. This publication highlights the presentation and discussion of the workshop.

Two years in, the long-term health and economic effects of the COVID-19 pandemic continue to influence poverty, food systems, and food security. Drawing on CGIAR research on the COVID-19 pandemic thus far, this brief presents key lessons learned and policy recommendations to inform decision-making processes around managing risks, addressing structural vulnerabilities, and building resilient and sustainable food systems.

This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.

This book provides insights on innovative strategies to build resilient food systems in the wake of challenges posed by climate change. Providing food security to the growing population especially in developing countries without exacerbating the environment is a major challenge. Climate change is expected to reduce agricultural productivity, leading to a decline in overall food availability and significantly increasing the number of malnourished children in developing countries. Interventions for enhancing the adaptive capacity of farmers especially of small holders needs immediate impetus. The policy formulation and development programs must reorient in the wake of the new expectations and deliverables. This book comprises of sixteen chapters that discuss the trends in global agriculture development and food system. The book highlights different aspects of household food and nutritional security. The chapters covering diverse aspects address food system, rural and urban food chain, factors affecting their sustainability and short and long term solutions to make them climate resilient. Important issues having significant implications on climate change such as Waste management, Value chain, Agri-marketing, etc. are also covered. The book would be an important resource for researchers in food science, environmental sciences and agriculture. It would also be beneficial for students and future scientists working on sustainable agriculture and food security.

The global food crisis is a stark reminder of the fragility of the global food system. The Global Food Crisis: Governance Challenges and Opportunities captures the debate about how to go forward and examines the implications of the crisis for food security in the world’s poorest countries, both for the global environment and for the global rules and institutions that govern food and agriculture. In this volume, policy-makers and scholars assess the causes and consequences of the most recent food price volatility and examine the associated governance challenges and opportunities, including short-term emergency responses, the ecological dimensions of the crisis, and the longer-term goal of building sustainable global food systems. The recommendations include vastly increasing public investment in small-farm agriculture; reforming global food aid and food research institutions; establishing fairer international agricultural trade rules; promoting sustainable agricultural methods; placing agriculture higher on the post-Kyoto climate change agenda; revamping biofuel policies; and enhancing international agricultural policy-making. Co-published with the Centre for International Governance Innovation

This book addresses some of the major challenges of food systems associated with a diversity of agricultural contexts and priorities. It contributes to the conversation on global food and nutrition security by unpacking the intertwined connections between food system resilience, food policies, and global food markets. The contributing authors provide careful analyses of how shocks to food systems (e.g., COVID-19 pandemic lockdowns) and crises to global food systems (e.g., the global food price crisis of 2008) have disrupted the food value chains in ways that undermine global initiatives to achieve food and nutrition security for all. The book is divided into two sections. Section 1 focuses on global food systems transformation with the goal of moving towards resilience. Two chapters in this section employ a global context approach to address the key factors undermining food systems’ resilience and sustainability. Section 2 presents case studies drawn from Africa, Asia, and Europe with different pathways for the transition to food systems resilience, highlighting the importance of policy approaches as well as smart and innovative strategies to ensure the production of nutritious foods at affordable costs, the reduction of food wastage, and the valorization of sub-products.