A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Christian Pèes.
It brings together, managers from the agricultural world and important people from external perspectives,
such as health, development, strategy and defense. Its objective is to promote regulation
of agricultural markets by creating new evaluation tools, such as economic models and indicators,
and by drawing up proposals for an agricultural and international food policy.
A look at the news

Can the Drought in Argentina Ignite a New Food Crisis?

26 January 2009



A state of agricultural emergency has been declared in two of central Argentine provinces due to the drought that has been raging for many weeks and that is already called “the century’s most severe” by local authorities. The situation is all the more alarming since the area is the country’s most productive agricultural zone and accounts for most of the country’s wheat, barley and beef production. According to the publication Agrapresse, close to half a million heads of cattle have perished and wheat production declined to ten million tons in 2008 from 15 million tons in 2007.

Argentina is not the only nation to be affected. In Uruguay, losses could amount between 30 to 50 percent for field farming. Even agricultural products that are most resilient, such as soybean, are suffering from the drought. If Brazil has been hit to a lesser extent, 2 million tons of corn and 1.2 million tons of soybean production have nevertheless been lost in only two months. And the first corn harvest is 10.7 percent lower that that of 2008.

The occurrence of such climate hazards generates significant risks on global agricultural prices. We estimate that price volatility will be intensified, all the more so because the particularly unstable current environment and because Latin American nations are the world’s largest exporters of agricultural products. Let’s not forget that the recent droughts in Australia and Canada played a major part in the materialization of the 2007/2008 food crisis: At that time, grain production in these countries declined by 20 percent, thus weakening the availability of exportable grain for global markets. If the spread between grain production and consumption had only been two percent, global prices would have doubled.

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Paris, 24 April 2019