According to the Food and Agriculture Organization (“FAO”), world agriculture need to undergo significant adjustments in order to meet the related challenges of achieving food security and responding to climate change. For Frederic Gaspoz, the most important factor in the world economy is the rise of emerging economies and their convergence with developed economies. There is a growing middle class in the emerging world, with growing spending power. As low-income people enter the middle class, they alter their diets and take in a lot more calories. Frederic Gaspoz explains that income growth makes for more meat consumption, which is good for grain, because one requirements a lot of grain to grow cattle and pigs. In addition, agricultural commodities are utilized for biofuels, which removes supply from the market for food. … Read entire article »