What are we facing?

"We have to think about how we can feed the countries that are dependent on Ukraine", says Franz Sinabell, agricultural economist at the Economic Research Institute. After all, the war in Ukraine is currently causing quite a stir on the agricultural markets. What does this mean for domestic agriculture? How are the mechanisms of the world market affecting small-scale Austrian farms? And what about our security of supply? The economic expert explains in the new podcast. One thing is certain for him: our consumer behaviour is already undergoing a trend reversal, because the proportion of our total expenditure that we spend on food remains constant and is no longer falling. In an interview with Hannes Royer, Franz Sinabell also explains why expensive food is not the only answer to the question of appreciation, how Austrian agriculture is involved in the agri-food market and why everyone needs to pull together to make agriculture sustainable.