But Marc Sadler, head of agriculture risk management at the World Bank, said the situation is also "more complicated" than in 2008, when rice and wheat prices rose the most and then fell sharply the next year when plantings increased.
"The difference now is, if you look across the board, all prices are up," making it tougher for farmers to decide how to allocate their acreage, Sadler said.
"When corn prices are up, bean prices are up and wheat prices are up, which one, as a farmer, do you go for?"g he said.
Sadler underscored Kim's point about the threat food shortages pose to a country's long-term vitality.
"One of the most pernicious facts out there is that in the first thousand days of a child's life, they develop 80 percent of their brains. So, malnutrition in those first thousand days has a long-lasting impact," he said.