Internet Apply a Specific Portion Material Covered

¶ … Internet apply a specific portion material covered textbook. The articles

Organic Demand

The article that I have chosen to summarize for this assignment is called "Gap Growing Between Supply and Demand for Organic Foods." The crux of this article is the fact that there is an imbalance between the supply and demand for organic foods in the United States. Specifically, the demand for organic foods is substantially greater than the supply for such foods in the U.S. Because of this fact, those looking to produce organic foods have to turn to importing some of the key materials in this process -- such as organic soybeans and organic corn -- from overseas markets in various parts of Asia. As a result, consumers in the U.S. may doubt the authenticity of the organic food here since it is not entirely grown with local products, despite the fact that the demand for organic market "grew over the past five years by 35% -- nearly three times the pace of the food industry as a whole -- to $29 billion" (Wall Street).

This article was selected for this assignment because it deals directly with the laws of supply and demand which we have been studying for this particular educational unit. For the most part, the article is in accordance with the information that was provided in the text regarding this subject. One of the basic tenets of the supply and demand concept is that when there is greater demand than supply, prices rise accordingly. This fact is readily confirmed in the article as it states that "organic retail prices can only climb so high" (Wall Street). Another key facet of the reality that prices rise during times of high demand is that these prices even impact the farmers attempting to grow organic foods. Specifically, the dearth of organic materials in the U.S. means that dairy prices rise accordingly for those attempting to farm organically, which also reduces their profit margins.