Are high food prices a symptom of something much bigger?
In this article, second in a series published on Newsroom, I argue that if we believe the cost of living crisis is more than a momentary blip, we need policy that will strengthen NZ’s own food security and encourage bioregionalism.
New Zealanders have been finding their supermarket shop a painful experience for some time now, but in December many reached their pain threshold as food prices increased by 10.6 percent compared with 2021. Fresh produce was a whopping 24 percent more expensive – at a time of the year when it is usually plentiful and cheap. Economists reassure us this is just a momentary blip in an otherwise smoothly running economic system – prices will ‘soften’, inflation will ‘moderate’ and ‘better times will come’. These reassurances are comforting and most of us are happy to be soothed by this narrative.
But what if empty supermarket shelves and high prices are symptomatic of something much bigger? A sign of a broken system, now starting to show the tell-tale fissures of climate disruption, ecological collapse, energy descent and increased resource scarcity.
The immediate causes of surging food prices are familiar to most of us: high shipping costs, supply chain disruption, a tight labour market, disrupted weather patterns, spiralling on-farm costs such as fertiliser and diesel.
But all these factors are more connected than we might think.
Read the rest of the article here.