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Economist disputes rising grain demand predictions
2015-05-01 02:35:37| Agriculture - Topix.net
Farmers have been told repeatedly that the rapidly expanding global middle class will generate unrelenting demand for their products, but that may not be the case.a © "When it comes to agriculture, we don't see much growth in demand," John Baffes, senior economist with the World Bank, told delegates at-tending the Feeding the Global Middle Class conference.a © That flies in the face of the mantra trotted out at hundreds of other conferences that says people are going to eat more meat as they enter the middle class, resulting in greater grain consumption because it takes 6.5 kilograms of grain to produce one kilogram of meat.a © Agriculture industry officials are excited because the global middle class is expected to grow by three billion people between 1990 and 2025.
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Category:Agriculture and Forestry