Month: May 2009

SUPPLY VS. DEMAND: Supply and demand is an economical model based on price, utility, and quantity (available) in the market.  In a competitive market, the model predicts that price equalizes demanded quantities and quantities supplied by producers, resulting in an economic equilibrium between price and quantity.  Clearly this is in a perfect world… In today’s …

REALITY CHECK: Today, more than 6 billion people rely on food grown on merely 11 percent of the global land surface.  Only a scant 3 percent of the earth’s surface is inherently fertile soil.  Soil degradation and erosion are transforming productive land into wasteland at tragic speeds.  “The history of every nation”  President Franklin Roosevelt …

SUSTAIN: Although this word has become a popular term in the culinary landscape, it has been at the root of the counterculture of American living since agribusiness became the new face of agriculture in a 20th century modern world.  While  big business always has its “positive” effects, it also has dire effects and costs that …