Food Security = Economic Resilience. A secure food system requires and promotes stable regional and global markets and reduces both risks and costs of climate-related emergencies and other catastrophic events.
Food insecurity promotes hoarding, price and export controls and civil unrest, creating market volatility and loss for producers and consumers at a national level and throughout the global supply chain. It is also a major underlying factor in the high cost of natural disasters, currently estimated at $250 - $300 billion—and growing. In some regions, the economic losses from climate patterns alone are expected to reach 19% of GDP by 2030. According to the UN's 2015 Global Assessment Report, ‘Disaster risk reduction is at a crossroads: It can continue to focus on managing an increasing number of disasters or it can shift the focus to managing the underlying risks in a way that facilitates sustainable development.’