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mule_roany_mare t1_ir2747i wrote

How much is improved yield & how much is increased prices?

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UnhingedRedneck t1_ir2az4p wrote

Actually over the long run cereals tend to lag behind inflation and have stayed relatively the same for many years. Improvements in agriculture have allowed farmers to produce more grain on the same amount of land without depreciating the soil of nutrients. This doesn’t apply to all forms of farming and I can only speak for grains as I have never farmed anything else.

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Mr_Mammoth-man t1_ir3e3p3 wrote

The graph has converted everything to 2022 US dollars, so any inflation, or as you put it increased prices, has been discounted. So, this is mainly from increased yield.

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Gelmy t1_ir3pvi5 wrote

That's not accurate. Increased prices does not necessarily equate to inflation. There are a thousand potential causes of price fluctuations that aren't inflation.

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Dr_barfenstein t1_ir3vs2x wrote

Literally the growing middle class of Asia and their increased demand for meat. Meat prices here in Oz are only heading one way and it started way before inflation took off

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no-name-here t1_ir4k8bg wrote

Yes, or if the inflation-adjusted cost per calorie has gone down over time (such as due to increased yields) it could actually be closer to deflation than inflation? I suppose presenting it in terms of calorie output instead of constant dollar output would be better in that way. But also showing inflation-adjusted cost per calorie over time would be interesting as well.

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