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.
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.
Instead of ripping Sarah, the lame stream media will be asking her about some hunting tips.
ESPECIALLY if you can do it with 4.5% borrowed money.
It's the can't lose investment of the next 30 years.
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.
.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.
Freezers require electricity. Freeze-dried, canned and dehydrated foods, along with dry beans and canning might make more sense.
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.”
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I saw a cookbook once with recipe for Skunk.
You are canning meats and I am wondering how long and at what pressure setting do you preserve your meats?
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.
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.
Thank you. I am getting my canning jars ready for action.
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.
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.
“....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.
This is going to spur on a lot of local farmers and large (or larger) gardens.
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.
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.
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