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Food boom may bring cheaper prices, says US professor
date:Nov 22, 2013
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Hertels findings indicate that food prices will decline around 80 percent of the time over the next 50 years, and that innovation in productivity will help farmers stay profitable as opposed to an increase price.

That's why prices have declined over the last century, because agriculture has remained a profitable industry for those on the cutting edge, says Hertel.

As a result, we see continued investment in places like Australia and the US and continuing productivity growth.

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12/22 21:19