Global food production and prices to 2050
The report analyzes global food production and prices up to 2050, using scenario analysis to explore how policy changes could impact demand, trade, and prices.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | Australian Bureau of Agricultural and Resource Economics and Sciences |
| Authors: | Caroline Gunning-trant, Edwina Heyhoe, Kate Harle, Keely Harris-adams, Mary Hormis, Sally Thorpe, Verity Linehan |
| Time horizon: | 2050 |
| Geographic focus: | Global |
| Page count: | 41 pages |
Methods
The research employed the ABARES agrifood model, a partial equilibrium model of agricultural markets, to project global supply and price responses of agrifood products. It accounted for economic forces, demand, supply, and interregional trade over time.
(Generated with the help of GPT-4)
Key Insights
The report uses three scenarios to examine the response of world food prices, production, and trade to projected demand increases by 2050. It considers the effects of climate change, trade liberalization, and biofuels policies on global agrifood markets, using an updated ABARES agrifood model.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2050 | 2050 time horizon | 2050s time horizon | English publication language | Global geographic scope | agriculture | biofuels | climate change | economy | fisheries | food and nutrition | food production | global food prices | global food production | globalisation | land availability | market response | policy analysis | prices | productivity growth | resources | trade liberalization