I see this one quite regularly:
Seems to make sense. But we are not “running out of” farms. Nor are we running out of food. For example, we grow three times as much grain today than we did 50 years ago … and do it in roughly the same amount of land. Here is Matt Ridley’s pretty graphic on it:
And of course, the share of disposable income dedicated to food in the U.S. is now less than 10% – making America the place in time and space that has the most abundant food in history. This is even in the presence of food becoming a leisure and luxury item for many of us (e.g. have any of you watched the Food Channel, or Top Chef?) Even as the number of farms continue to decline, we continue to remain, quite literally, the land of (inexpensive) milk and honey. In a future post, we’ll show you what the Doomsdayers had to say about this a few years ago.
Happy New Year!