High demand for food, record crop prices, and accelerating costs for labor and energy are teaming up to escalate food prices. The question is will this trend continue and, if so, for how long? SUPPLIES of agricultural commodities are expected to tighten further as worldwide populations grow and incomes rise, boosting demand," says Jason Henderson, assistant vice-president and Omaha branch executive for the Federal Reserve Bank of Kansas City. "As in the past, keeping food prices in check will dependon whether agriculture can increase supplies by enhancing productivity."
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