Jean Kinsey suggested her 2010 D.W. Brooks Lecture might well have been titled “A Tale of Two Food Cultures.” Her talk this week in Athens, Ga., on “Feeding Billions: Local Solutions or Global Distributions” concluded that sustainably feeding the world will require both.The annual lecture honors Brooks, the late founder of Gold Kist and Cotton States Insurance cooperatives and a University of Georgia graduate.“I’m struck by the need to reduce hunger, increase food production, increase sustainability and reduce transportation to deliver food,” said Kinsey, a professor of applied economics at the University of Minnesota and former director of the university’s Food Industry Center. “In a parallel universe, there are those who would say, ‘we should only eat food that was produced locally.’ Those in that camp often say that food also should be organic, animals should be treated kindly and plants shouldn’t be genetically modified,” she said.In the face of a 39 percent population growth between now and 2050 and with most of that growth taking place in developing countries, Kinsey said local food will not be enough.“In 2015 there will be 1.3 billion hungry people in the world,” Kinsey said.Demand for better foodsAs people in countries like China and India see their incomes increase, their demand for food changes.“Richer people want richer foods,” Kinsey said. “That richer food means more animal protein. They aren’t satisfied living on cereal anymore.” Increased animal production means higher demand for grain to feed these animals, she said. Acres dedicated to feed grain are not directly producing food for people. “The food-versus-fuel debate is valid also and should be examined more closely,” she said. Genetically modifiedTo feed the world, she said, genetically modified foods must be used.“Worldwide, about 10 percent of all cropland is planted in genetically modified crops,” she said. “But bans in Europe on imports of genetically modified crops have intimidated much of the rest of the world into rejecting genetically modified food, too.”Yellow rice, a highly enriched rice developed a decade ago, has never been distributed in some countries because of negative consumer reception to GMO crops.“Consumer acceptance is critical to adoption and key to the whole picture,” she said. “For example, Zambia was in a critical food situation but had to reject food aid in GMO crops or face losing their valuable vegetable market in the United Kingdom.”Organically grown?A move toward organic food has taken off in the U.S. and Europe. It began as a way to protect soils, reduce chemical residue and return to a simpler way of life. Fast growth – sales increased 20 percent per year for over 10 years – prevented the supply from meeting demand. Organic crops are grown on 4.8 million acres of U.S. farmland, she said. But it’s not enough. And companies began importing ingredients from other countries. “What China calls organic may not be the same as what we’d call organic in the U.S.,” she said.She broke another organic myth – the one that consumers paint of small, pastoral farms. “More than 60 percent of all U.S. organic farmland is farms of 500-plus acres,” she said.“And then there are the different labels,” she said. “We moved from organic to natural. Moving to natural and taking out those ingredients that are there for a reason – like preventing mold growth, micro-organism contamination and improve shelf life, means we will waste more food.”Food waste is a big problem. Americans discard half of all the food calories produced, Kinsey said. Sustainable foodOne of the biggest problems Kinsey pointed out was a lack of understanding of food labels. “Many who are passionate about sustainability lump a lot of things together that don’t necessarily fit, like all-natural, local, organic, fresh and environmentally friendly.” Reducing food miles, the miles from farm to table, is not as important as reducing the amount of energy needed to produce the crop, she said.But she encouraged the purchase of locally grown food. When it comes to feeding the world, it ultimately takes a mixture of local and global. “We can’t do it with one or the other,” she said.
An unnamed Asian institutional investor is on the lookout for an asset manager to take on a $125m (€101m) global emerging markets fixed-income mandate.A search has been put out via IPE Quest on behalf of the investor, seeking discretionary management of a portfolio of actively-managed fixed-income securities.Search QN-2422 specifies that the mandate will follow the JPM Corporate Emerging Market Bond index (CEMBI).The portfolio is to have diversified exposure to instruments from global issuers including sovereigns, quasi-sovereigns and corporates. Managers responding to the RFP should have at least $1bn under management in this asset class, and $3bn of total assets under management.The final closing date for the search is 21 March at 5pm UK time.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected]
LOS ANGELES Blue Shield is sued by state The state sued Blue Shield on Thursday, accusing it of canceling health coverage for sick people to avoid paying their medical bills. The suit seeks $12.6 million in fines while contending the insurer committed more than 1,200 violations of claims-handling laws and regulations, resulting in more than 200 people losing their coverage after they submitted claims. Calling the star witness’s testimony “an abomination,” a federal judge has acquitted a Valencia hedge fund manager and his mother-in-law of obstruction charges. U.S. District Judge Stephen Wilson said Thursday that the government didn’t provide sufficient evidence that Keith Gary Gilabert, 37, and Hiromi Seele, 65, stood in the way of an investigation into a land sale. Gilabert and Seele were charged with ordering mortgage broker Bradley Gerszt to lie to the FBI. The judge called Gerszt’s testimony “maybe the worst I’ve ever seen.” LOS ANGELES 5 plead not guilty to plot Five people believed to be members or associates of the Mexican Mafia pleaded not guilty Thursday in Los Angeles to charges stemming from an alleged plot to murder another reputed gang member. Alleged ringleader Maria Dolores Llantada, 43, of La Puente; George Bravo, 40; David Shahagun, 26; Yvonne Montes, 30; and Angelita Martinez, 30, were arraigned in Los Angeles Superior Court before Commissioner Henry J. Hall. A sixth defendant, Anthony Palacios, 30, entered a not- guilty plea Wednesday. The defendants are accused of conspiring to murder Rafael Gonzalez-Munoz Jr. Authorities say Llantada ran the gang’s day-to-day activities in parts of La Puente and Norwalk and nearby areas in place of her husband, who is behind bars. LOS ANGELES `Sahara’ author is back in court Seven months after a jury directed Clive Cussler to pay $5million in damages to a film production company, lawyers for the novelist were in court Thursday seeking $8.5 million the author claims he is owed. Los Angeles Superior Court Judge John P. Shook took the matter under submission, saying he may have a ruling in 10days. “I took some notes during the arguments and I also want to review some of the exhibits,” Shook said. After a 3