An Empirical Study on the Impact of the Food Price on Food Security in China

Abstract

As the most populous country in the world, China faces significant food pressures. Therefore, the issue of food security has become an important issue that cannot be evaded on the road of China’s great revival. Food security is a complicated condition requiring a holistic approach to all forms of malnutrition, the productivity and incomes of small-scale food producers, resilience of food production systems and the sustainable use of biodiversity and genetic resources. The purpose of this paper is to identify how the price fluctuation can influence the situation of food security in China. In the quantitative analysis part, Entropy weight method is used to analyze coefficient of the price and food security. We found the price factor is not the most important one which influences food security while the other two factors: net income per acre, national fiscal expenditure on agriculture are even more important. Based on the analysis, we give the following policy recommendations: (1) taking steps to improve the agricultural production capacity, (2) developing the ecological agriculture, (3) enlarging the agriculture insurance to make sure protect the profit of rural farmers, (4) relying on the “One Belt and One Road” strategy to further participate in global food and grain security, (5) speeding up the formulation of a food security law.