A Boring Dystopia

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Experts say high food prices are here to stay. Here's why (www.cnbc.com)

submitted 5 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] TheDemonBuer@lemmy.world 0 points 5 days ago* (last edited 5 days ago)

Yes nothing to do with price gouging, nothing to with with inefficiency in distribution.

These are probably factors as well.

Also, it is not like US is self sufficient in food production with a solid chunk of worlds most productive farm land.

The food market is global. Food produced in the US is sold all over the world. Population is growing in the US and it's growing globally.

This theory smells of peak oil that was shilled price gouge hydrocarbon.

Peak oil production is also a real phenomenon, and peak oil production is inevitable because oil is a finite resource, just like agricultural land. I don't know when peak oil production would be reached, but there's reason to believe peak agricultural land has been reached, as evidenced by the graph I linked to.