global population growth and the demand for grains
TRANSCRIPT
Global Population Growth and the Demand for Grains
(Corn, Soybeans, and Wheat)
Annual Consumption per person (per year) is about...
2.5 people per second
148 people per minute
78 million people per year
298 lbs. of Corn or 5 bushels
218 lbs. of Wheat or 4 bushels
87 lbs. of Soybeans or 2 bushels
Which means…
an additional 13.7 million acres need to be
cultivated each year...about TWICE the
size of Vermont
A growing global population and
E X P A N D I N G middle class are the underlying
reasons for increasing global demand for the three core grains -
2x California’s Population
But, NOT just any land will do.
We need ARABLE FARMLAND.
In 3 minutes, the planet will add about:
Much of the suitable land not yet in use is concentrated in
Sub-Saharan Africa and Latin America, which lacks
proper farming infrastructure.
1,639 709 2,437
PEOPLE
Which means an additional:
443
Bushels of Corn Bushels of Soybeans
SOURCES:
World Population Growth: U.S. Census Bureau, World POPClock Projection: http://www.census.gov/population/popclockworld.html
Annual Consumption: As reported per the USDA on the October 12, 2016 World Agriculture Supply and Demand Report
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DECEMBER 2016 www.teucrium.com [email protected]
Bushels of Wheat
Must be planted in total to supply the people born in the last 3 minutes for 12 months.
CORN SOYBEANS WHEAT