The current issue of limited supply is not due to decrease in supply but rather due to increase in processing cost. Agriculture input such as pesticides, fertiliser, animal feed has gone up multi fold in percentage making it the producer or breeder making thin margin or zero profit after deducting other overhead cost.
The food security will be at their equilibrium if they can make profit out of it. What else government can do if we heavily rely on import of fertiliser, pesticides and other animal feedstuff which cause the expenses cannot match the ceiling price. In real economic, people will do something if the profit is there but right now, the margin has eat up by the cost.
Suspect that this is repeated elsewhere. For sure NZ has the ability to feed 5m, more likely 70m in fact, but we also import about 60-70% of our food & beverage.
The current issue of limited supply is not due to decrease in supply but rather due to increase in processing cost. Agriculture input such as pesticides, fertiliser, animal feed has gone up multi fold in percentage making it the producer or breeder making thin margin or zero profit after deducting other overhead cost.
The food security will be at their equilibrium if they can make profit out of it. What else government can do if we heavily rely on import of fertiliser, pesticides and other animal feedstuff which cause the expenses cannot match the ceiling price. In real economic, people will do something if the profit is there but right now, the margin has eat up by the cost.
Suspect that this is repeated elsewhere. For sure NZ has the ability to feed 5m, more likely 70m in fact, but we also import about 60-70% of our food & beverage.