Essay about Weather's Affect on Supply and Demand

Essay about Weather's Affect on Supply and Demand

Length: 960 words (2.7 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The factors that affect our food supply and ultimately the demand are vast, from droughts, floods, viruses, insects, oil prices, corporate, to governmental cuts to different programs—our food supply is always fluctuating. The supply of apples in Washington will be different then in New York, as well as the cost in winter months versus summer. There is more than just, the sometimes “sticker shock” we expect to suffer when we buy something out of season at a higher price, several market conditions have significant roles in the demand of food. In this paper I will outline how weather, disease, government, corporations, and the price of oil affect the supply and demand for food.
Weather can have implications beyond the extremes of summer or winter. A drought in the Midwest can cause crop prices to rise because the fruits and vegetables that are produced incur increased cost because of their fragile requirements for water, thus causing prices to rise. For example, Canada imports about 80% of all their organic produce, most of it from California, and currently there is a drought that will have adverse effects on what Canadians pay for produce. As it becomes more difficult and costly to harvest organic produce, what produce that is imported will have a higher cost because of the drought causing a slowing of the supply. According to an article from Canadian Television News (CTV) (2014), “Canada imports more than $5 billion worth of produce from California yearly and much of those fruits and vegetables cross the border during the winter months. But as California endures the most severe drought to hit the state in 500 years, strains on water supplies are expected to force farmers to leave fields unplanted, which will create a ripple effect ...

... middle of paper ...

...he product rose so much that boxes were selling on E-bay for hundreds of dollars. Luckily, since then another company has bought the rights for the brand and is currently producing them.
In conclusion, the supply and demand for food fluctuates considerable responding to several conditions: environmental, political, and economical. In general, the price elasticity for food will always remain constant—the deviations will be for certain products/markets. Moreover markets naturally set themselves at an equilibrium rate determined by supply and demand, when governmental policies and corporations create an economic shortage, this will have a bigger impact on the supply and demand then the above mentioned conditions. While food production is constant, the supply and demand changes dramatically due to the fragile systems that were surrounded by—whether natural or manmade.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Fedex Supply And Demand Supply

- FedEx Supply and demand Primarily working in logistics for the government, we have really shifted into inventory control by shipping items everyday to other units. This helps the government save money when another unit doesn’t need an item at that time. This method also helps us to get something to a unit faster than maybe a company can. When shipping these inventory parts we will use FedEx most of the time. FedEx offers a really easy way of creating labels and setting up accounts, making the process of tracking and shipping easier....   [tags: Supply and demand, Price point, Price, The Higher]

Better Essays
702 words (2 pages)

Supply And Demand Of Economics Essay

- Supply and Demand, in economics is the relationship between the amounts of a Product that the producers are selling at a various prices and the amounts of the consumers desire to buy. There is a law in the Supply and Demand which explaining the interaction between the supply of the product or resources and the demand of it to the consumers. Both of it is connected to each other. The Law of Supply and Demand pull against each other that cause to it to increase or decrease in some various ways. There are so many factors that can affect both supply and demand....   [tags: Supply and demand, Marketing, Consumer theory]

Better Essays
744 words (2.1 pages)

Supply And Demand Of A Small Ice Cream Stand On Campus Essay

- Supply and Demand It is inside of the human beings nature to trade with each other since their apparition there are million of years. From the middle age to nowadays societies, the use of the currency as mean of trade become popular among societies and more people were able to establish commerce of different articles. Having Decided to open a small ice cream stand on campus called “Ice-Campused” to apply my business and economical skill I noticed that there are days where ice creams remain unsold but other days where there are not enough ice creams for the number of customers....   [tags: Supply and demand, Ice cream]

Better Essays
880 words (2.5 pages)

Price Elasticity Of Demand And Demand Essay

- Price Elasticity of Demand According to Microeconomics, Price Elasticity of Demand is the responsiveness of the quantity demanded to a change in price, measured by dividing the percentage change in the quantity demanded of a product by the percentage change in the product’s price (Hubbard & O’Brien, 2015). Demand is considered elastic when the quantity demanded for a product increases or decreases in response to price change. Normally, sales increase with price drops and decrease when prices rise....   [tags: Soft drink, Coca-Cola, Supply and demand]

Better Essays
1580 words (4.5 pages)

The Economics Behind Climatic Change and Weather Predictions Essay

- Weather forecasting can be defined in so many ways; one of such ways is the application of science and technology to predict the state of the atmosphere for a future time and a given location.” Although the concept of weather forecasting seems exciting weather forecasters are taken for granted; people fail to realize that they have so much to contribute to the economy. ‘’Is it possible by any means to make weather predictions beyond one or two weeks’’. According to Matthew E. Kahn it has been proven, atmospheric scientists reports of long range climate forecast that are among the best that they have ever had, been able to predict climate for up to six months in advance....   [tags: Climate Change, Weather Forecasting]

Better Essays
1653 words (4.7 pages)

Essay on Coffee Supply And Demand

- Coffee Supply and Demand Besides the high demand and cost for gasoline these days, coffee is considered the second most traded commodity on worldwide markets next to oil. "Coffee is grown in more than 50 countries in a band around the equator and provides a living for more than 20 million farmers. Altogether, up to 100 million people worldwide are involved in the growing, processing, trading and retailing of the product" (Spilling the Beans…, ). In 2001, coffee farmers and plantations produced over 15 billion pounds of coffee while the world market only bought 13 billion pounds....   [tags: Economics Economy]

Free Essays
927 words (2.6 pages)

Essay about The Price Mechanism: Characteristics of Different Markets

- Characteristics of Different Markets A market is a place or process that brings buyers and sellers together to agree on a price that leads to an exchange of goods or services. There are different types of markets that are defined and categorised based on various factors, which develop market structure: “The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market.” (Web Finance Inc....   [tags: supply and demand, buyers and sellers]

Better Essays
1098 words (3.1 pages)

Supply Chain Management : Qube 's Biggest Export And Import Service Providers Of The Logistics Services

- Introduction Qube is one of the Australia’s biggest export and import service providers of the logistics services. In the year 2010, the company came into existence. Qube logistics deals with the services such as road and rail transport, distribution, warehousing, and the container parks. In the last few years, the company has worked for the expansion and is now the biggest service provider of Australia in the sphere of Supply chain management and the logistics. Out of the total earnings of the Qube, 45% is only contributed by the logistics department....   [tags: Logistics, Supply chain management, Management]

Better Essays
1983 words (5.7 pages)

Economics Is The Allocation Of Resources Essay

- Question 1 – Economic models Economics is the allocation of resources available to satisfy people’s needs and wants for goods and services (Layton, Robinson, & Tucker, 2016, p. 5). An economic model is “a simplified description of reality used to understand and predict the relationship between two variables” (Layton, Robinson, & Tucker, 2016, p. 8). That is, to forecast or predict, changes in key variables such as price to understand the effects of the changes and observe patterns (Layton, Robinson, & Tucker, 2016, p....   [tags: Supply and demand, Economics]

Better Essays
1574 words (4.5 pages)

A Report On Current Trends Essay

- Forecast Using the estimated demand equation, the forecasted monthly quantity demanded for strawberries imports from January 2017 to June 2017 is, 26.75, 19.76, 18.04, 22.70, 34.02, and 22.08, respectively (see Table-3). The line graph below shows the moving direction of monthly Q for 2009, 2010, 2011, 2012, and 2017. Since I assumed that historical trends continue in my demand forecasting, the green line plotted by connecting the Q calculated from the estimated demand equation does not fit in the trends very well....   [tags: Supply and demand, Demand curve, Price point]

Better Essays
709 words (2 pages)