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Food securityWhat is it?Food security is when all people, at all times, have physical, social, and economic access to sufficient, safe, and nutritious food to meet their dietary needs and food preferences for an active and healthy life. The global food crisisWhile global food prices have fallen from their peaks of mid-2008, they remain considerably higher today than they were in the 1990s and early 2000s. This trend of higher food prices is forecast by the United Nations and World Bank as likely to continue for at least the next 10 years. The spike in prices is largely attributable to the failure of global food production to keep pace with growing demand. Population growth, per capita income growth and changing diets, climatic variability, limitations on arable land and water, distorted global food trade, biofuel feedstock demand and falling investment in agriculture in developing countries—especially in agricultural research—are critical factors in this trend. The compounding effect of higher food and fuel prices together with the global recession has had a dramatic impact on the developing world. Hunger is set to reach an historic high in 2009, with the United Nations estimating one sixth of humanity, or over one billion people in developing countries, having inadequate access to food. This is an increase of almost 150 million in just four years. There are also grave fears that this crisis in food security could reverse the valuable gains made in overcoming poverty in the last decade and stifle progress towards achieving the Millennium Development Goals. Australia’s responseThe Australian Government is very concerned about the impact that ongoing food insecurity and price volatility is having on the poor in developing countries. To play its part in addressing this, on 12 May 2009, it announced a four-year, A$464 million global food security initiative. The initiative aims to assist countries in Asia (estimated A$182 million), Pacific (est. A$66 million) and Africa (A$100 million) affected by the global food crisis. It also reflects the government’s commitment to increase support for Africa, with this additional A$100 million committed to food security across the continent. The initiative focuses on:
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