This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Global Food Security Index Adds New Quarterly Food Price Adjustment Factor

DES MOINES, Iowa, Oct. 17, 2012 /PRNewswire/ -- DuPont announced today an enhancement to the Global Food Security Index that captures the impact of changes in global food prices at the national level where price fluctuations are felt most directly.

To view the multimedia content associated with this release please click: http://www.multivu.com/players/English/56895-eiu-global-food-security-index-dupont/

Commissioned by DuPont and developed by the Economist Intelligence Unit (EIU), the Price Adjustment Factor captures the impact of changing food prices and income growth over time.  In response to the rising cost of food, mainly in June of this year, the Index recorded a slight decline in food security globally.  The interactive tool is available online at www.foodsecurityindex.eiu.com.

"This innovative, new tool is going to help us better understand the root causes of hunger," said DuPont Executive Vice President James C. Borel. "The ramifications of this year's drought are far reaching.  Knowing where the impact is the greatest can help focus our collective efforts where they are needed most."

The World Bank estimates that global food price spikes in 2008 pushed 44 million people below the poverty line globally, most of them in poor countries.  In the United States, almost 15 percent of households experienced food insecurity in 2011, up 11 percent before recent price jumps.

"Many factors affect food prices, from rising demand in emerging markets to abrupt changes in the weather," said EIU Global Forecasting Director Leo Abruzzese.  "The new Price Adjustment Factor tool will assess, quarterly, the impact of price changes on a country's ability to afford food.  High and volatile prices can impact food security by limiting consumers' purchasing power and calorie consumption."

Drought: Commodity Prices Driver

Global weather and environmental issues, mainly drought, have challenged farmers in 2012 and have been linked to food security and an increase in agricultural commodity prices.  Seventy eight percent of U.S. corn acres have been affected, some farmers can't afford to feed livestock and the cost of commodities is at record highs.  While this year's drought has been devastating to farmers, the United States Department of Agriculture (USDA) has reported the 2 nd largest corn crop globally, in addition to the 2 nd and 3 rd highest rice and soybean crops respectively.

Publically Available Tool Generates Insights about Future Price Fluctuations and Informs Action

The Global Food Security Index and its Price Adjustment Factor was created by the EIU with input and advice from leading international experts in agriculture and food policy.  The Global Food Security Index addresses the underlying factors of food insecurity in 105 countries and points to areas for improvement and reforms.  The interactive tool is available online at www.foodsecurityindex.eiu.com.  Features include:

  • A unique feature that captures the impact of changing food prices on each country's ability to afford food.
  • Analysis of key findings.
  • Definition of 25 global indicators that measure specific aspects of food affordability, accessibility, availability, nutritional value and safety.
  • An interactive heat map of overall scores and detail of category results.
  • Adjustable weightings to allow for scenario planning.
  • The ability to compare multiple countries simultaneously and adjust rankings by indicators.
  • A country details page that allows a food-security drill down into individual economies.

"This tool increases the chances of creating sustainable, science-based innovations that target specific challenges, collaborating with others on solutions and bringing know-how to the people and places that need it most," said Borel.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,065.12 -107.56 -0.63%
S&P 500 1,984.79 -9.50 -0.48%
NASDAQ 4,513.7320 -13.9570 -0.31%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs