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The international market price of wheat doubled from February 2007 to February 2008 hitting a record high of over US$10 a bushel. [92] Rice prices also reached ten-year highs. In some nations, milk and meat prices more than doubled, while soy (which hit a 34-year high price in December 2007 [93]) and maize prices have increased dramatically.
The 2000s commodities boom, commodities super cycle[1] or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), [2] following the Great Commodities Depression of the 1980s and 1990s. The boom was largely due to the rising demand from ...
Years 2014–2016 is 100. The FAO Food Price Index (FFPI) is a food price index by the Food and Agriculture Organization (FAO) of the United Nations. It records the development of world market prices of 55 agricultural commodities and foodstuffs. The FFPI is considered an indicator of future inflation and cost trends in the food industry.
Under the Wilson administration during World War I, the U.S. Food Administration, under the direction of Herbert Hoover, set a basic price of $2.20 per bushel. The end of the war led to "the closing of the bonanza export markets and the fall of sky-high farm prices", and wheat prices fell from more than $2.20 per bushel in 1919 to $1.01 in 1921 ...
The 2012–2013 and 2013–2014 winter snowpacks were among the lowest recorded in the last 100 years. In January 2014, the state cut allocations from its State Water Project to zero percent (revised upwards to five percent in April), a record low, as reservoirs dropped to critical levels. [83]
Global commodity prices fell 38% between June 2014 and February 2015. Demand and supply conditions led to lower price expectations for all nine of the World Bank's commodity price indices – an extremely rare occurrence. The commodity price shock in the second half of 2014 cannot be attributed to any single factor or defining event. [6]
The Rise of the Wheat State: A History of Kansas Agriculture, 1861- 1986 (1987) 16 topical essays by experts. online; Hurt, R. Douglas. "The Agricultural and Rural History of Kansas." Kansas History 2004 27(3): 194–217. ISSN 0149-9114 Fulltext: in Ebsco; Larson, Henrietta M. The wheat market and the farmer in Minnesota, 1858–1900 (1926 ...
Wheat is a grass widely cultivated for its seed, a cereal grain that is a staple food around the world. The many species of wheat together make up the genus Triticum (/ ˈtrɪtɪkəm /); [3] the most widely grown is common wheat (T. aestivum). The archaeological record suggests that wheat was first cultivated in the regions of the Fertile ...