The United States, the United Kingdom, and other developed nations have little or no food reserve beyond the typical demands between growing seasons. Production achievements in agriculture beginning in the early 1960s and known as the "Green Revolution" are now leveling off. Food production, suffering from such negative effects as reduced water tables and reduced arable land is being outstripped by population growth. In 2006 through 2008 the world drawdown of wheat and other grain stocks, together with agricultural events such as droughts in various parts of the world, caused grain reserves to hit historically low levels. Achieving a consistent grain reserve can be achieved by coupling a new precious metals currency with grain stocks (Wheat-Gold) to compensate producers thereby achieving excess production for large-scale grain storage. The new Wheat-Gold currency is an additional competitive currency, not a replacement currency for national currencies. The new currency can be traded electronically. During an emergency government can distribute grain stocks using a Wheat-Gold "call" feature.
|Advisor:||Snyder, Donald L.|
|Commitee:||Bowles, Tyler J., Oladi, Reza|
|School:||Utah State University|
|School Location:||United States -- Utah|
|Source:||MAI 50/05M, Masters Abstracts International|
|Subjects:||Agriculture, Economics, Agricultural economics|
|Keywords:||Currency, Disaster, Food shortage, Gold, Grain stocks, Wheat|
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