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Economy

The decisions of everyone in the food chain – from farmers, to distributors and consumers – are heavily influenced by economic factors such as price, risk and resource availability. The food economy is composed of a complicated, global network of trade, which today connects producers and consumers at scales never seen before. Subsidies for food production exist in almost all nations; some reject these as market distorting while others hail them for their ability to ensure sufficient national/regional supply of food at all times and to protect farmers. Foods that are traded as commodities are subject to volatile markets and also show the intimate connection between food prices and other sectors, such as oil.