The Guardian ran an interesting editorial at the beginning of this year (on 16th January). Though the focus was on energy prices, the remedy was familiar to those who have followed these blogs. ‘Britain should look to John Maynard Keynes for answers,’ the editorial ran.  ‘The basic fault of commodity markets, he saw, was the private…   Read more

Eight years ago, The Guardian produced a report entitled ‘UK future food security threatened by complacency, MPs warn.’ The heading seems ironic now, given that things have become so much worse during the last decade. ‘Government and producers urged to create plans to meet challenges of climate change’, the report said. It’s very doubtful whether…   Read more

In 2012 an article by four professors in Italian universities entitled ‘Speculation and buffer stocks: The Legacy of Keynes and Kahn’ was published in the European Journal of the History of Economic Thought. It made the interesting point that some of Keynes’ policy recommendations, and in particular the buffer-stocks scheme, were grounded in his experience…   Read more

Most people in the UK and many outside it have heard of Harold Wilson, who was Prime Minister from 1964 to 1970 and then again from 1974 to 1976. Though (inevitably) a controversial figure, he is often regarded as one of the most successful Labour Prime Ministers of the post-war era. In 1947, during an…   Read more

Last year saw the publication of the 5th UN Global Report on Food Crises. It was described in the preface by the UN Secretary-General as making ‘grim reading.’ The report talks about various new initiatives – the food systems summit which met in September 2021, the ongoing 2030 Agenda for Sustainable Development and other programmes.…   Read more

There is an interesting paper published in January of this year (2022) entitled ‘Buffer Stock Operations and Well-Being: The Case of Smallholder Farmers in Ghana’ which appeared in the Journal of Happiness Studies. The study was done by the University of Accra in Ghana and the University of Groningen in the Netherlands and was led…   Read more

The Russian invasion of Ukraine shows that geopolitical events are able to have an effect on food supplies that is as devastating as bad harvests and that can appear with even greater suddenness. The outcome of the invasion is not yet clear, and the impact on food supplies is even less clear. But no one…   Read more

The latest ‘Food for Europe’ podcast from the European Union, broadcast at the end of 2021, contains some interesting reflections on the impact of the pandemic on food supplies and what is being done to strengthen the EU’s defences against food shortages in the future. Everybody interviewed in the podcast made perfect sense in what…   Read more

In 1986, farmers from around the world gathered in Geneva to discuss a deepening farm crisis that was forcing many of them off the land and devastating rural communities. The meeting showed that despite their differences many of the obstacles facing farmers in the U.S. were the same as those facing farmers in Europe, Asia…   Read more

With energy prices rising for a number of reasons throughout the EU, the European Commission has outlined a set of measures that would allow EU member states to keep fuel and electricity prices low. Among them is the development of an energy storage capacity, the EU’s equivalent of food buffer stocks in the energy field.…   Read more