Why Food Price Volatility Doesn’t Matter
Policymakers Should Focus Instead on Bringing Costs Down
Export bans, price stabilization schemes, and subsidies for farmers— all policies being proposed to curb the rise in food prices— won’t help those who cannot afford food. The problem is not food price volatility, it is expensive food. Professors Christopher B. Barrett and Marc F. Bellemare, of Cornell and Duke Universities, respectively, suggest an alternative solution.