Cost of living: Farmers and food producers
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 29 June 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
In this Business Daily mini series we're exploring how businesses we all use regularly are being affected by the cost of living crisis.
Leanna Byrne goes from farm to fork, first speaking to farmers in Malawi and Canada about the rising costs of growing crops and rearing dairy cows, then getting the macro picture from Food Drink Europe, which represents food and drink giants like Nestle, Unilever and Danone.
We also hear from Chris Hegadorn, Secretary of the UN’s Committee on World Food Security, who says that rising food prices in a developing country could be completely destablising.
Presenter / Producer: Leanna Byrne Additional production: Olivia Wilson Image: Farming; Credit: Getty
Transcript
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| 0:00.0 | On the podium, season two is available now. |
| 0:02.9 | Like many people in this world, I had never seen an Olympic medal before. |
| 0:07.3 | Bringing you more remarkable stories of Olympic and Paralympic athletes and their incredible |
| 0:13.1 | journeys to the podium. |
| 0:14.5 | This is my dream and it came true that day. |
| 0:17.1 | Find out more at the end of this podcast. |
| 0:19.6 | I'm going to start this episode with numbers. |
| 0:23.0 | 22.8%. |
| 0:24.3 | That's how much higher the price of food is compared to last year. |
| 0:28.1 | Wheat prices up 56.2% from last year. |
| 0:31.9 | The price of dairy, 16.9% higher than last year. |
| 0:36.8 | This is all the latest data from the Food and Agriculture Organisation's food price index. |
| 0:42.6 | Sometimes it's hard to relate to numbers on their own, |
| 0:45.8 | but when they're that high, it really puts into context how bad the situation is. |
| 0:51.8 | And if you haven't guessed it yet, this episode is about the price of food. |
| 0:58.5 | Hello and thank you for tuning in to Business Daily from the BBC World Service. This is the |
| 1:03.3 | third installment in our Cost of Living series, which is taking a look at how the cost of living |
| 1:07.6 | is affecting everyday businesses, from the obvious industries to the ones |
| 1:12.2 | you might be surprised by. Today, we're narrowing in on food and farming to understand that food |
| 1:17.5 | price inflation is not just a problem for your supermarket bill, but also for those making and producing |
| 1:23.1 | the food that we eat. Looking at fitzisers that we use for production, the prices have doubled right now. |
| 1:30.2 | And even some of the workers that we usually hire, be it on seasonal basis or on full-time basis, |
... |
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