Professor Wyn Morgan School of Economics Food: the next global crisis?

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Presentation transcript:

Professor Wyn Morgan School of Economics Food: the next global crisis?

Tonight’s Talk So, what’s the problem? Prices, price, prices…….. It’s not all economics: Global Food Security at the University of Nottingham

So, what’s the problem? Global population to reach 9 billion by 2050 Distribution –1 billion starving; 1 billion overweight/obese Production –Supply problems/the right crops? Concern over Prices –Food riots and food inflation

and-farming-futures/reports-and-publications

Prices, prices, prices…….. 217% 125% 136% 107% Between 2006 and 2008….

Demand and population growth? pinpointing-retail-growth-markets/

Supply shocks? hell-Storm-hit-Florida-courting-Cuba.html

Biofuels?

The value of the US Dollar?

Interest rates? mortgage-interest-rates/1076/

The price of oil?

/Market-turmoil-FSA-bans-speculators-from-short-selling.html Speculators?

Global Food Security - a priority area at the University of Nottinghampriority area Taking an interdisciplinary approach to projects – arts, social sciences, natural sciences, medical sciences etc.. University well positioned to contribute at a research and training level on a global stage It’s Not all Economics…….

University has invested over £45M in agricultural and food-related research over the last 10 years Food Sciences (1999 & 2008) Plant Sciences (2002) Robotic dairy unit (2005) Vet School (2006) Bioenergy building (2010) GFS glasshouse complex (2010)

AAR/UNMC Plant Biotechnology Research Centre Opened September 2009

‘ Crops for the Future’ evolved in 2008 from a union of the International Centre for Underutilised Crops (ICUC) and the Global Facilitation Unit for Underutilized Species (GFU).

Food for thought….. Financial crisis affects us all but can be dealt with by policy makers and…. dare I say… even economists! Food crisis affects us all more fundamentally Answers can lie in inter-disciplinary approaches to provide new ideas University of Nottingham is leading the way in providing global answers for a global problem