This post originally appeared on Agri-Pulse.
Agri-Pulse and The Chicago Council on Global Affairs are teaming up to host a monthly column to explore how the US agriculture and food sector can maintain its competitive edge and advance food security in an increasingly integrated and dynamic world.
By Lisa Moon and Andrea Durkin
Africa and Asia will be the world's biggest future food markets. Three trends are driving much of their growth: more mouths to feed, an expanding middle class, and migration to cities. Right now, the US market share in these regions ranges from 10 to 25 percent. But a shift in our trade policy could increase our share.
US trade policy has traditionally focused on bulk commodities for export, with great results. Productive US corn, wheat, and soy fields have provided a more reliable and affordable supply of grains to people across the world for decades. Yet demand for most US grains is stagnating, while consumers are craving more produce, animal products, and processed foods. To allow America's food producers and businesses to access these new markets, the US should devote robust attention to regulatory and food standard harmonization, promote trade facilitation, and help shape Asia and Africa's retail environment.
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Leverage Trade Policy to Tap Future Food Markets
About
The Global Food and Agriculture Program aims to inform the development of US policy on global agricultural development and food security by raising awareness and providing resources, information, and policy analysis to the US Administration, Congress, and interested experts and organizations.
The Global Food and Agriculture Program is housed within the Chicago Council on Global Affairs, an independent, nonpartisan organization that provides insight – and influences the public discourse – on critical global issues. The Council on Global Affairs convenes leading global voices and conducts independent research to bring clarity and offer solutions to challenges and opportunities across the globe. The Council is committed to engaging the public and raising global awareness of issues that transcend borders and transform how people, business, and governments engage the world.
Support for the Global Food and Agriculture Program is generously provided by the Bill & Melinda Gates Foundation.
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