Responsible and informed individuals and groups now view the prospective balance between the world's demand and supply for food for the next decade quite differently. There are those who view the recent short-falls in production relative to desired consumption as relatively temporary in nature and that the most likely course of events is stocks of grain will be rebuilt and grain prices will decline to more usual levels over the next year or two. Those who argue this position consider the present situation as primarily a temporary aberration, of which there have been several others in recent history. At the turn of the present century the British were concerned that the demand for wheat was going to outpace the supply; after World War II there was deep concern about the problems of rebuilding agriculture in Europe and, somewhat later, meeting the increased demand for food due to the sharp increase in birth rates that occurred in both industrial and developing countries, and in the mid-1960's, following unfavorable crops in the Soviet Union, China and South Asia it was feared that the world faced famine on a large scale. Yet, following each, the course of events was feared that the world faced famine on a large scale. Yet, following each, the course of events was quite the opposite and grain and food prices fell and the concern of governments was to protect their farmers from the consequences of supply growing more rapidly than demand.