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If you want a glimpse into the future, look up the U.N. Food and Agriculture Organization’s latest update to its global Food Price Index; it jumped over 3% in August and now stands almost 33% higher than this time last year.
Analysts attribute only part of this price surge to COVID-19 bottlenecks and labor shortages. The rest is simply because the world is not producing enough food to meet the needs of a growing population. Food prices have been moving steadily upward for two decades now, effectively erasing the dramatic gains…
