Thank you, Mr. Chair.
Thank you to the witnesses for being here today to give us insight into how the war in Ukraine is impacting food and fuel supplies.
Thank you, Mr. Wood, for being so patient last time, and for coming back today and meeting with us in person. We certainly appreciate it. I'll start with my questions for you.
On October 25, you said structural changes in today’s world had amplified the impact of food security crises. You went on to say this:
In the 1980s, there were periodic crop failures in the former Soviet Union, yet there wasn't as much of the risk of mass starvation in the world as there is these days. There's a lot more vulnerability in the global system.
Why is that?