The Era of Cheap Food Is Over

Over the past eight years, the price of food worldwide has increased 75%; the price of wheat has gone up a dramatic 200%.

And the rate of inflation is accelerating. In a recent report, the United Nations predicted that food prices are likely to remain high for a decade.

Here are some facts ...

As of December, 37 countries faced food crises, and 20 had imposed some sort of food-price controls.


The prices of the world's three main grains - rice, wheat and corn - have all more than doubled in the past year.


Part of rising food prices is due to rising fuel prices - as the Saudis raise the price of oil they sell us, we're going to be raising the price of wheat we sell them.