September 4th, 2015
by Mark D. Wenner
At present Caribbean states, with the exception of Haiti, enjoy food security. Caribbean states with available statistics report average dietary energy supplies greater than 100 percent, whereas Haiti reports 89 percent http://www.fao.org/economic/ess/ess-fs/ess-fadata/en/#.VbbGn9HbLcs. Nonetheless, the majority of the Caribbean states are net food importers and only Belize, Dominican Republic, Guyana, and Suriname either have low food import dependencies or are overall net food exporters. This means the majority of countries have to earn sufficient foreign exchange through exports to be able to finance their food import bill. Since the early 2000s, real food prices have soared. Between 2000 and 2011 the food import bill for the Caribbean Community (CARICOM) jumped from $2.08 billion to $4.25 billion http://www.fao.org/fsnforum/caribbean/sites/caribbean/files/files/Briefs/Food%20Import%20brief%20.pdf. Real food prices in medium term are expected to stabilize at a higher plateau compared to the era of the 1980-90s but there will be more inter annual volatility.
The question becomes will Caribbean states be able to revive lagging agricultural production systems to decrease import dependence, improve risk management capabilities, stimulate more intraregional agricultural trade flows, and generate more growth and export dynamism in order to maintain food security fifteen years hence?
The answer depends on how several factors interact in the coming years, namely: (1) development and deployment of new technologies; (2) adaptation to climate change; (3) changes in the energy matrix; (4) institutional strengthening and reform; (5) policy responses; and (6) the quality of governance.
A recent journal article, “Envisioning Food Security in 2030: The Case of the Caribbean”, explored how emerging new technologies, evolving energy systems, and the institutional framework for innovation could interplay to determine future food security. The challenge for Caribbean stakeholders will be to understand future trends, exhibit foresight, and make the necessary investments and policy, institutional, and regulatory changes now.
Photo Courtesy of Wikimedia Commons, author Banco Carregosa
The technologies that could positively influence and improve food security are presented in rank order of scale of deployment. The earlier ones are already being deployed on an ever increasing scale while latter ones are still in their infancy.
Information Communication Technology (ICT)
Drones, Robotics and Artificial Intelligence
Three Dimensional (3D) Printing
Biotechnology
Nanotechnology
Synthetic Biology
See article for more details
Stay tuned for part 2.
Tags: financing food import bills, Food Security, net food importers, policy reform, technological change