Inflation is starting to effect agriculture production.
Gee,we only pay 99 cents for a gallon of milk where we live.
Our government is so stupid, it's pathetic.
I just visited NY after not being there for a while. While doing some grocery shopping, I saw prices are really rising there.
I thought, inflation, here we come. Hallmark of a Democrat presidency.
As a boy we fed the milk cows corn silage with grain and hay for the winter.
I have a good idea. Let's burn our food!
food prices are going to skyrocket
Don’t worry. It’s all going according to the Obama/Soros plan. No fuel, no food, no heat. We’ll all be dead by spring.
This is far more than just the dairy industry. The US cattle herd is at the lowest levels its been since 1973, the swine herd at the lowest level since they started keeping track.
Some farmers are dipping in to their winter feed supply already because of high feed prices. But that means that come winter, they will have to cut their herds even lower.
Both corn (+60%) and wheat (+45%) are more expensive than this time last year. Oats, a major feed component, is expected to jump with other feed stocks.
And the federal government is sticking to its *increasing* ethanol demands from corn.
Worst of all, what could turn strong food inflation into hyperinflation, is if the current flood into US Treasury bonds and similar instruments burns out. This could cause a “flight to commodities”, in which investors would purchase the physical commodity, driving up the prices strongly by outbidding retailers, *and* limiting the supply available to retailers.
So say you want 5lbs of flour. Overnight the price quintuples, *and* you are limited by the store in how much you can buy.
How do you think it will effect the food industry if flour costs $10/lb?
$20/lb?
Just noting that we here in Oregon have a lot of feed for sale... Help our farmers out by buying from Oregon.