The relative rates of growth in the supply and demand for food, feed and fiber have far-reaching economic and social consequences, most readily observed through changes in commodity prices. Over the past 50 years and longer, the supply of food commodities has grown faster than the demand, in spite of increasing population and rising per capita incomes. As a consequence, the real (deflated) prices of food commodities have trended down over many years, contributing significantly to the alleviation of hunger and poverty worldwide.
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OSU Extension embraces human diversity and is committed to ensuring that all educational programs conducted by Ohio State University Extension are available to clientele on a nondiscriminatory basis without regard to race, color, age, gender identity or expression, disability, religion, sexual orientation, national origin, or veteran status. Keith L. Smith, Associate Vice President, Agricultural Administration and Director, OSU Extension