Thursday, November 8, 2012

Malawi's failed local corn growing policies

Tyler Cowen recently posted this video detailing the flaws in Malawi's corn policies, which restrict the import and export of corn.

As of a result of locavore-style food production policies, we see extreme volatility in corn prices, about 60 percent, from the harvest season to just before next year's harvest season when corn is scarce.

This is what happens when your food supply is restricted to the local area's climate. Imagine if there was a natural disaster that ruined the harvest in one year. This is the polar opposite of making the food supply more secure. 

Instead of hedging with the world's food supply, Malawi's corn supply depends on the whim of chance and as a result, corn becomes scarce each and every year.

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