Ping!
That’s ok... McCain supports increasing US ethanol production, which will fix global warming, which will save us all!
Uhh, wait a minute...
Won’t be long, now, before we’ll have to have family meetings to decide whether to spend our life savings on a gallon of gas or a loaf of bread......
Funny how that works: with a weak U.S. dollar and global demand so high, U.S. producers can't ship American grain quickly enough. Oh, heck, we're all gonna starve.
—With a weak U.S. dollar and global demand so high,—
Duh! The answer is keep the grain at home; restrict exports. That will help drop the price of grain (and milk and eggs) at home. The ag lobby won’t like that, but tough darts.
Hey, I know. Let’s tax American workers and use the money to subsidize unprofitable ethanol plants, and then charge them more for food and energy, and tax the margin (of course)!
” Wheat prices have been near $10 a bushel, more than $6 a bushel higher. Cash prices for soybeans are about $13 a bushel, up more than $7 a bushel. Corn is pricing at almost $5 a bushel, an increase of greater than $3 a bushel.”
There is very little grain moving at these prices. If the farmers had any they would surely sell it, but I expect that everyone did as we did and sold the beans on the way up at $9/bushel.
With very few exceptions, ever since WWI, the agriculture problem has been one of overproduction. If the current high prices stick, production will increase and we will be “blessed” again with a excess of produce.
Two solutions: (1) suspend ethanol mandates for a few months, let the corn go into feed rather than ethanol, and (2) any acreage we’re paying farmers NOT to grow on, tell them to grow stuff this year
That’s what happens when you subsidize the use crops for fuel instead of food.
predictions, predictions, predictions
with failure to predict - recognize
that conditions are not static
to the extent that shortages produce higher prices, they also induce others, here and abroad, to become producers
in the long run there is no calamity waiting, only new producers and new market
Real Nice! The Revolution Will Not Be Televised.
It’s a good thing food isn’t part of the core inflation calculations, isn’t it?
The cost of my dog food- cheap brand- not a yuppie brand- has risen 62.5 % in the past 3 years.
My Nutri-grain waffles have gone up 10 cents two weeks ago, so has bread.
Yikes!
Yipes!
seem to be too many geniuses in the congress and a president who likes to extend a hand to the left.
Wheat prices always go up when the climate is colder.
I don’t know if this is it but I’ve always known there would come a day when America would have to pay the Piper when it comes to food and food security.
Even with what most conservatives called “Welfare for Farmers”, farmers have been retiring with no-one to take their place, going broke or just quitting before they went broke.
Even if we stop the corn for ethanol and take some farms out of CRP we are going to have shortages. Where are we going to find the farmers to farm the land? I don’t think there is any way to train young people to farm much less get them the financing to do it.
But even without shortages food prices are rising if only because the middlemen are paying higher fuel costs.
Farmers can’t win can they? If they are busting their arses and collecting the pittance you all call “welfare” while losing their butts, everyone hates them, but just let reality hit the common man and the farmer see some hope down the road and everybody starts whining. Americans haven’t paid realistic prices for food and fiber for a long time.