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What does "it" refer to in the following sentence?
Increased food prices will stimulate greater investment in food production, but the critical importance of food to human well-being and also to social and political stability makes it likely that governments and other organizations will want to encourage food production beyond that driven by simple market mechanisms 75 (Skidelsky, 2009).
'It' refers to what follows it. That is, the fact that "governments and other organizations will want to encourage food production beyond that driven by simple market mechanisms."
