• The logic of buffer stocks

    Every country needs food security and a resilient food system.


    Citizens should always be able to afford enough food for their families. Farmers should always be able to make a decent profit.


    The answer lies in food reserves. Governments should set up a food reserve to use as a buffer against the volatility of prices.

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Food Reserves and Oil Reserves

15th October 2021

Back in the 1950s, when the European Economic Community decided to have a Common Agricultural Policy, people had vivid memories of food shortages during the Second World War. Two things were very clear. One was that without self-sufficiency in food the six original member states might find themselves economically insecure, relying on imports, the price…   Read more

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