By 2050, global food production will have to increase by 60% to meet demand from a growing world population with changing consumption habits. But the challenges that agricultural producers currently face, and the food-price volatility that results from these challenges, will not address themselves.
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ROME – As drought becomes increasingly common, farmers worldwide are struggling to maintain crop yields. In the United States, farmers are experiencing the most severe drought in more than a half-century. As a result, global corn, wheat, and soybean prices rose in July and August, and remain high.