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Cattle Network Warns Farmers: Big Time Inflation Is Coming and You Better Have an Explanation
Economic Policy Journal ^ | January 18, 2011 | Robert Wenzel

Posted on 01/18/2011 9:13:00 PM PST by 2ndDivisionVet

The insiders know, they see it coming. A spike in food prices is just around the corner. Here's what Drovers Cattle Network is telling farmers:

Americans have spent less than 10 percent of their disposable income on food for many years now. That’s about to change. Food prices are on the rise and there will be new records set for some, actually many goods, this year. Meat, dairy and poultry prices are among the products on pace to set records.

While the general inflation rate was nearly zero in 2010, food and fuel presents another story. Predictions for 2011 food inflation range from 3 percent to 6 percent, with some estimates in recent days pushing into the double digits.

This will come at a time when gasoline and energy prices also are on the rise—oil is projected to reach beyond $100 per barrel....Consumers will see higher prices in the supermarket and hear about record commodity prices and will perceive you as riding waves of money. Part of this is the current supply and demand dynamics for food products, but it is also the Ben Bernanke printing press. It's going to be a perfect storm of events pushing food prices much higher. DCN is talking about 3 percent to 6 per cent inflation, but I think it will be over 10 percent. It's going to be pretty ugly out there. And some will blame the farmers. DCN is telling farmers:

News stories are already outlining this year’s higher food prices. In recent days, I’ve seen coverage on ABC, NBC, cable news and a National Public Radio business show. Still, nothing drives the point home like actually feeling it in your wallet, and that is yet to come in a significant way. I believe consumers are in for some sticker shock, and they’ll wonder what the heck has happened.

They will point to “big, greedy, modern farmers.” Never mind that globally, there are 1 billion more people to feed than in the 1990s, as well as more who’ve upgraded their previous diets.

My point is with rising food costs on the horizon, consumers will again look at farmers with jaundiced view. So, polish up your talking points about the reality of farming, finances and food production today and be prepared to explain the truth to consumers in a calm, thoughtful way.

If you have a big freezer, fill it with meat right now.


TOPICS: Agriculture; Business/Economy; Food; Government
KEYWORDS: agriculture; beef; economy; energy; famine; food; inflation; recession
Freezers require electricity. Freeze-dried, canned and dehydrated foods, along with dry beans and canning might make more sense.
1 posted on 01/18/2011 9:13:03 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet

With all of the hunting that we do, I buy very little beef. I am canning more and more meat ... it is actually quite delicious if you take the time to do it with a good stock and the right spices. But with a windmill and backup generator, all of my freezers are still full.


2 posted on 01/18/2011 9:18:34 PM PST by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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To: 2ndDivisionVet

Instead of ripping Sarah, the lame stream media will be asking her about some hunting tips.


3 posted on 01/18/2011 9:19:24 PM PST by notaliberal
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To: 2ndDivisionVet
I know an old man, he's 88, he told me that during the Great Depression, he and his brothers had to take their .22LR rifles and go hunting for anything to eat, rabbit, squirrel, groundhogs, etc. He told me that if they did not bag anything, they did not eat lunch, and sometimes, dinner, for that day. He was in World War II in the Pacific and was at Tinian when the Enola Gay took off. He remembers them loading the A-Bomb aboard although at that time, they had it under cover, but he was within 100 feet of the plane and A-Bomb itself. When the Enola Gay got back, he served Colonial Tibbets in the officer's club. HE also remembers seeing Bocks Car as well.

My friend was hospitalized and unfortunately, he is under hospice care since his cancer has spread, but still, at this time, he is driving around and still goes to work.

Getting back to the subject, we might have to go shooting to eat again, perhaps it is a good idea, we have too many deer and groundhogs here in Southwest Pennsylvania.
4 posted on 01/18/2011 9:24:17 PM PST by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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To: 2ndDivisionVet
With prices of farm land so low, it's TIME TO BUY even if you leave it fallow.

ESPECIALLY if you can do it with 4.5% borrowed money.

It's the can't lose investment of the next 30 years.

5 posted on 01/18/2011 9:25:25 PM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: 2ndDivisionVet

High food and high gas prices will not stand. Obummer will not be able to sell this crap as the new norm. Inflation is not a good thing.

Watch all the Ethanol subsidies disappear for food production and drilling start up everywhere. This is the start of the ‘12 election cycle and the politicians will be in panic mode. High unemployment helped us get rid of Pelosi in ‘10, this will get rid of the rest.


6 posted on 01/18/2011 9:27:09 PM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: Nowhere Man

.22 LR still isn’t too expensive at Wal-Mart. Might have to go get some, although I don’t currently have a rifle. Ex-wife forced me to sell my Marlin and a really nice Winchester Model 50 shotgun that I picked up for only $75.


7 posted on 01/18/2011 9:34:13 PM PST by 2ndDivisionVet (Please donate to FreeRepublic, sanity in a world gone mad!)
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To: 2ndDivisionVet

Freezers require electricity. Freeze-dried, canned and dehydrated foods, along with dry beans and canning might make more sense.


Amen


8 posted on 01/18/2011 9:46:40 PM PST by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: Nowhere Man

I know an old man, he’s 88, he told me that during the Great Depression, he and his brothers had to take their .22LR rifles and go hunting for anything to eat, rabbit, squirrel, groundhogs, etc.”

I saw a cookbook once with recipe for Skunk.


9 posted on 01/18/2011 9:47:50 PM PST by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: JustaDumbBlonde

You are canning meats and I am wondering how long and at what pressure setting do you preserve your meats?


10 posted on 01/18/2011 9:50:49 PM PST by jonrick46 (We're being water boarded with the sewage of Fabian Socialism.)
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To: 2ndDivisionVet

I was in Safeway last night. A head of cauliflower was $2.99/lb. I weighed a head of cauliflower. It was 2 lbs. That’s almost $6.00 for a head of cauliflower! They are testing the marketplace right now.


11 posted on 01/18/2011 9:56:33 PM PST by jonrick46 (We're being water boarded with the sewage of Fabian Socialism.)
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To: jonrick46
Most all meats can be canned by raw pack method or hot pack. Times vary with the method. Times vary on boned vs. boneless meats. Quarts vs. pints makes times vary. Most all meat is canned at 10 lbs. of pressure for somewhere between 1 and 2 hours.

Very detailed instructions and recipes are available in the Ball Blue Book of Preserving, which is how I learned to can, dehydrate, freeze and otherwise preserve most any kind of food. At around $8, you can't beat the price.

12 posted on 01/18/2011 10:03:48 PM PST by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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To: JustaDumbBlonde

Thank you. I am getting my canning jars ready for action.


13 posted on 01/18/2011 10:17:21 PM PST by jonrick46 (We're being water boarded with the sewage of Fabian Socialism.)
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To: Nowhere Man

My mother-in-law is also 88. They got one bullet and they didn’t get another until they came home with something so if you missed you got pretty inventive. I’ve never seen her miss a shot whether she is using a pistol or a rifle.


14 posted on 01/18/2011 11:09:49 PM PST by tiki
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To: Nowhere Man

Now M

Any fool can serve up a lib. Problem is, some is kinda scroungy and others are out and out plump. How to bake baste and season, soas to be palatable.

rab can but wounder.


15 posted on 01/18/2011 11:40:28 PM PST by Rabin
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To: Nowhere Man

“....he’s 88, he told me that during the Great Depression, he and his brothers had to take their .22LR rifles....”

My dad grew up during the Great Depression along with his 13
his brothers and sisters on a farm(cheap labor). After the depression, he refused to eat corn.


16 posted on 01/19/2011 12:37:47 AM PST by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: 2ndDivisionVet

This is going to spur on a lot of local farmers and large (or larger) gardens.


17 posted on 01/19/2011 3:06:20 AM PST by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: Lazlo in PA
Watch all the Ethanol subsidies disappear for food production and drilling start up everywhere.

I wish you were right, but politicians get very stupid when serious inflation hits. They are more likely to blame business and to impose price controls on us,

At that point, you'll see a whole raft of FReepers defending inflation and pointing out how they are paying back their debt with cheaper dollars. Meanwhile, the media will tell us that we need inflation to "jumpstart" the economy, but that it's time we raise the minimum wage so the poor don't fall behind.

Sorry to sound so negative, but it's what happened in the seventies and I can't see that we've learned much since then. May the congressional Republicans prove me wrong.

Please.

18 posted on 01/19/2011 3:19:53 AM PST by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: Rabin
The recipe for skunk should work...
19 posted on 01/19/2011 3:51:02 AM PST by PIF (They came for me and mine .. now it is your turn..)
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To: MSF BU

But Obama wants to outlaw home gardens with more food regulation. Piven and Cloward!

I have a freezer, a foodsaver with bags and mason jars, I dry my spices and cherry tomatoes; have a 50 x 50 garden, work full time plus a part time job, am remodeling our dump, err I mean fixer upper. Am on a well, have a backup generator, do canning. Trying to talk hubby into a windmill but we live on a stupid wetland that’s “archeologically sensitive” whatever the heck that means. We burn wood exclusively for heat and have no a/c.

The day any fed tries to outlaw my garden, they will be having a talk with Mr. Remington. Oh and we live in communist NYS (upstate which is mostly conservative but gets outvoted by the downstate libs)

I believe the DEC is trying to outlaw wood burning entirely here.


20 posted on 01/19/2011 3:58:37 AM PST by AbolishCSEU (Percentage of Income in CS is inversely proportionate to Mother's parenting of children)
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To: 2ndDivisionVet

I can understand the concern about freezers if energy is going up—so knowing how to can is good idea.

But then again, you still have to buy canning supplies. You still have to boil the jars and maybe even pressure cook them. All takes money and energy, and you’ll be getting the latter from the power company unless you have a wood burning option.

A stand-alone freezer uses 1000-1500 kw a year, so like $150-$200 bucks a year or $12-$16 a month.

What I don’t get is the whole freeze-dried food thing. Expensive, you can’t do anything with it besides what’s in the package, and you have to rely on someone else to freeze dry it.

I’d think you’re better off with dried beans and staples like flour, sugar, rice, etc. that you can make a million things out of. And a garden and maybe some foraging skills.


21 posted on 01/19/2011 4:16:30 AM PST by Claud
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To: JustaDumbBlonde

Thanks for the book recommendation. We’ve done some canning that’s worked out well, however, our try at canning meat turned out ok but wouldn’t be our first choice of a meal. What is your favorite canned meat recipe? What have you found to work best?


22 posted on 01/19/2011 6:01:34 AM PST by June2
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To: Rabin
Any fool can serve up a lib. Problem is, some is kinda scroungy and others are out and out plump. How to bake baste and season, soas to be palatable.

Sounds like a good idea, we do need to thin the liberal herd out a bit. B-) However, the meat we'd get sounds unappealing to me. Who knows where it's been? We could end up with "Mad Human Disease" or something, having my brain turn into a hole filled sponge doesn't sound appealing to me. B-P Even so, their would either be too much fat or you have to beat the meat with a sledgehammer to tenderize it. I do have a strict rule, neve4r eat anything that has eyes in the front of their head, I think that rules out liberals. A coworker of mine once had bear meat, an animal with eyes in the front of the head, and he told me it was the most rancid and icky thing he's ever ate.
23 posted on 01/19/2011 6:05:48 AM PST by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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To: AbolishCSEU
But Obama wants to outlaw home gardens with more food regulation. Piven and Cloward!

There is no way they can enforce it, heck, people still grow marijuana. The downside is that there could be examples made and if you're one of them, that is not a good thing. Still, I keep thinking about what Ayn Rand where she said, "the more laws you have, the more criminals you make."

The day any fed tries to outlaw my garden, they will be having a talk with Mr. Remington. Oh and we live in communist NYS (upstate which is mostly conservative but gets outvoted by the downstate libs)

Well, Teddy Roosevelt said that we have four boxes, the soap box, jury box, ballot box and when all else fails, the cartridge box. The soap box is under attack, the jury box is teetering (The Supreme Court) or doesn't work too well, the ballot box, well there seems to be hope there with the Tea Party, we shall see. BTW, I think the New York City area should be a separate State, I think the same should be true for Philly here in Pennsylvania.

I believe the DEC is trying to outlaw wood burning entirely here.

You know, there will be a time when we will have to tell The Man to just plain stick it where the sun don't shine.
24 posted on 01/19/2011 6:20:56 AM PST by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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To: June2
One of my favorite meats to can is chicken. It takes a little more effort than a leaner meat like venison, but is well worth it. When the local grocer puts leg quarters on sale for 35-40 cents/pound, I'll buy as much as I can get over the length of the sale.

I have not canned fish yet, but we are planning an Alaska fishing adventure, and I hope to do some canning right there on the stove in the camper!

So hard to single out a favorite canned meat recipe. Casseroles, stuffed pies, soups and dumplings prepared from the chicken are always great. Hearty meat and barley soups from venison are quick and satisfying.

One of my favorite soups is to take a 16 or 19 bean mix, envelopes of savory herb & garlic and onion soups from Lipton as a base. (1 envelope for each quart of water that you'll add -- a bag of beans usually takes a total of 4 quarts) Add home canned green beans, corn and meat (chicken, deer or elk), maybe some barley and/or brown rice about an hour before mealtime and bake a loaf of fresh pumpernickel or sourdough bread. Kings don't eat that well as far as we're concerned.

25 posted on 01/19/2011 10:18:43 AM PST by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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To: JustaDumbBlonde

thanks! I’ve already found the canning book online.


26 posted on 01/19/2011 1:29:29 PM PST by June2
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To: Nowhere Man

My mom used to tell the story of how when she was a kid, in order to have a salad, her and her sister would go out along the road and pick “greens” from in the ditch.


27 posted on 01/19/2011 1:33:12 PM PST by ichabod1 (Hail Mary Full of Grace, The Lord Is With Thee...)
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To: jonrick46

McDs is cheaper.


28 posted on 01/19/2011 1:37:51 PM PST by ichabod1 (Hail Mary Full of Grace, The Lord Is With Thee...)
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To: 2ndDivisionVet
"They will point to “big, greedy, modern farmers.” Never mind that globally, there are 1 billion more people to feed than in the 1990s, as well as more who’ve upgraded their previous diets."

Be prepared to see larger portions of American food shipped to Asia. Your previous jobs are there, and Asian inflation follows. When Asian workers pay more for their products, so do you. ...not to mention freight fuel.


29 posted on 01/19/2011 3:28:59 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: ichabod1; jonrick46
"McDs is cheaper."

America: Only Two More Years?
www.thetrumpet.com ^ | From the February 2011 Trumpet Print Edition | By Robert Morley

Excerpt:
"Even McDonald’s needed to borrow money from the Fed. Corporate America is so addicted to debt that it needs to borrow money each and every day."


30 posted on 01/19/2011 4:12:41 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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