On Wednesday I was at an event sponsored by the AgBioTech team at the NC BioTech Center, and there was a lot of discussion of food insecurity in the world. As agriculture vendors, the speakers were very focused on food production as the bottleneck that causes food insecurity, which in turn leads to people dying of hunger.
But spoilage and waste are huge issues in getting food to people. We have all seen or read about how much food gets wasted in America because of portion sizes, etc. Supply chain inefficiencies are huge issues too, check out this article on the path of an onion from grower to end user in India from The Economist. If supply chains could be made more efficient in the developing world, more food would make it from farm to mouth.
But an awful lot of jobs and ways of human interaction would be disrupted too. We have lost a lot of that in the West, and indulge in nostalgia by going to farmer's markets and buying a few choice things to get "back in touch with the land," etc. In Marxist terms, we attempt to de-reify a few commodities, and we feel good about it.
Meanwhile Amazon eats the world, and it's so hard to fight it. It's so convenient to order everything from there.
Anyway, back to the food question. At the highest level, from a capital allocation perspective, we have to ask ourselves whether, if food insecurity is the big issue, it is better to focus on production or distribution and supply chain management. A lot of which revolves around building better roads and/or rail as well as ports in the developing world.