The cost of steak

If you are searching for signs that today's high food prices won't last, the latest report on the meat industry isn't promising. In May, a distinguished panel of scientists and meat industry officials concluded that the current "factory farm" method for mass-producing meat poses so many threats to public health -- from contaminated water supplies to deadly epidemics of E. coli E. coli -- that the whole system needs to go. The good news: Even meat companies agree that change is unavoidable. The bad news: Replacing factory farms with something "sustainable" likely means an end to 50 years of falling meat prices.

By Paul Roberts

August 23, 2008