Economics class. ‘It’s too wet’: UK food security at risk because of record rain, farmers warn
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of economics picks here.
Specification:
Scarcity and choice, demand and supply, the role of price, government intervention
Click to read the article and then answer the questions:
‘It’s too wet’: UK food security at risk because of record rain, farmers warn
Identify two factors which are threatening the UK’s food security
Explain why it is important for the UK to maintain its own supply of agricultural products
Using an example from the article, explain how price helps direct resources to the production of specific goods and services
Using a demand and supply diagram, analyse the factors contributing to record high prices for Maris Piper potatoes
Evaluate the extent to which a buffer stock scheme could be used to support farmers
Gavin Clarke, Emmanuel College
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