Why Farmers Respond Differently to Higher Food Prices

Jomo Kwame Sundaram:

With food production growth in the Organisation for Economic Co-operation and Development countries slowing down, developing countries will need to step up production to meet increased food needs in the future. Such growth is primarily expected to be in Latin America and sub-Saharan Africa. In addition to augmenting aggregate production, smallholder producers need to increase cultivation for sale to meet the rising demand for food.