Canada and the Future of Food Prices

As a food-rich country, Canada can profit from the coming jump in world food prices.

The Future of Food

The low cost of food in the history of America, which has shaped its economy, is probably coming to an end. Here is why.

Wanda, yes, look for food prices to rise, not fall. Therefore, commodities could be a smart investment, field of work. I am not a financial advisor; however, it is logical. China wants more food. India wants more food. Both China and India are gaining purchasing power. They, and others, will begin to raise the bidding for food. The same process will happen to oil and other commodities.

Nassim Nicholas Taleb, author of the fabulous book The Black Swan, the 2007 classic on how chaos theory and complexity theory impact economic behavior, and one of my intellectual heroes, last week that two fields will be growth fields in the coming economic collapse: health care (demographics) and food (commodities).

Yesterday, I told this to an old friend who is now manager of a new health food store here. He is on trend with Taleb. People will eat better to better manage health care costs.

In short, for Americans, the era of low food prices is going to come to an end. More and more of our paychecks, if we have one, will go to purchase necessities.

This is why trend forecasters like Gerald Celente advise their clients to invest in farm land, start their own gardens, and pay close attention to supply and demand dynamics for food.