Year after year, season after season, our global population increases and food producers have to stretch their resources to keep pace. Farmers, ranchers, producers, processors are being asked to deliver in a world where supply must meet unprecedented demand. CME Group helps these key agricultural players manage the risks they face every day and fulfill the needs of a growing population.
Over the next decade, extreme weather and air pollution will cost the U.S. economy $360 billion a year.
There’s more to fulfilling one of the planet’s most basic human needs than good planning and a solid harvest.
Nine billion people. That’s a big number, and one that’s bound to affect what we pay for food in the future. But it’s just one of a number of other factors.
- Food Processing
- Retail Trade
- Food Services
- Energy and Transportation
The number of people who suffer from chronic undernourishment. That’s nearly 13% of the 7.3 billion people living on our planet.
By 2030, feeding everyone will require 50% more food. By 2050, when population is estimated to reach nine billion, that number goes up to 70%.
Estimated average annual investment needed to double food production in the developing world by 2050, an increase of 50%.
Decision makers at the forefront of agriculture confront difficult choices every day. The results of these choices will determine businesses’ ability to rise to the challenges presented by a world population that’s marching toward nine billion.
Global Population Growth (billions)
Food production plays an essential role in the global economy. As population growth explodes worldwide, solidifying that role becomes increasingly important. Offering the widest range of agricultural futures and options on futures of any exchange, CME Group allows farmers, ranchers, producers, processors, distributors, packagers, wholesalers and retailers to meet the challenges they see and plan for the ones they don’t.
Do more with less. It’s an all-too-common refrain for food producers around the world who find themselves in a race to serve a growing population.
In agricultural products alone, production must climb 60% over current levels to meet global demand by 2050:
Cereal production must increase by 940 million metric tons to reach 3 billion metric tons
Meat production must increase by 196 million metric tons to reach 455 million metric tons
Oil-bearing crops must increase by 133 million metric tons to reach 282 million metric tons