U.S. Food Inflation Spiraling Out of Control
Submitted by rebelsoul on Thu, 04/22/2010 - 16:04U.S. Food Inflation Spiraling Out of Control
The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food inflation could be imminent, similar to what is currently being experienced in India.
Some of the startling food price increases on a year-over-year basis include, fresh and dry vegetables up 56.1%, fresh fruits and melons up 28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up 10.7% and dairy products up 9.7%. On October 30th, 2009, NIA predicted that inflation would appear next in food and agriculture, but we never anticipated that it would spiral so far out of control this quickly.
The PPI foreshadows price increases that will later occur in the retail sector. With U-6 unemployment rising last month to 16.9%, many retailers are currently reluctant to pass along rising prices to consumers, but they will soon be forced to do so if they want to avoid reporting huge losses to shareholders.
Food stamp usage in the U.S. has now increased for 14 consecutive months. There are now 39.4 million Americans on food stamps, up 22.4% from one year ago. The U.S. government is now paying out more to Americans in benefits than it collects in taxes. As food inflation continues to surge, our country will soon have no choice but to cut back on food stamps and other entitlement programs.
Most financial experts in the mainstream media are proclaiming that the recession is over and inflation is not a problem in the U.S. Unfortunately, they fail to realize that rising food and gasoline prices accounted for 58% of February's year-over-year 3.85% rise in retail sales. NIA believes price inflation is beginning to accelerate in many areas of the economy besides food and energy, and all increases in U.S. retail sales this year will be entirely due to inflation.
Please spread the word about NIA and have your friends and family subscribe for free at: http://inflation.us
morning bump
Thanks for posting this Sierra.
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More reason to grow your own.
More reason to grow your own.
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My thoughts exactly.
But don't pay for water, collect rainwater.
Do not give into evil, but proceed ever more boldly against it.
How much of this is due to
How much of this is due to food stamps and government assistance? You can't get taco bell with food stamps but you can go to the store and buy steaks.
39 million people are on food stamps.
You see the same with health care. Start up Medicare and Medicaid and BOOM! prices explode.
Columbus, Ohio
You can get Taco Bell with food stamps in Texas
or at least other fast food restaurants. In Texas, they are given a "Lone Star Card" that looks like a credit card. This is done to preserve their "dignity", but you can still tell the difference by looking at them. People using them tend to be on cell phones and driving newer cars.
What can be said of a people who would sell their own children into slavery, using the rational that it is to protect their freedom?
It used to be they couldn't use food stamps on any hot food
what necessity caused this change in policy??? Oh I know the big food/credit card Corporatocracy. Do you know if Chase manages these cards as well?
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Monsanto and such also
Monsanto and such also benefit from the change by selling more of their ingredients for the products. Fast food being mostly derived from corn. Corn syrup in the soda and "bread", corn fed animal "meat", probably even corn derived biofuels to transport and distribute things.
..
Don't know who manages the cards but I thought it was Chase
also. Whoever it is, I'm sure its one hell of a gov't contract.
What can be said of a people who would sell their own children into slavery, using the rational that it is to protect their freedom?
In Az.
You cannot buy any "prepared" food,But you can buy Soda,Candy and chips.I guess they want to make sure the kids get fed?
"They used to come get you and lock you up because you were insane, Now they come get you and lock you up because you are sane"
Yep , I`ve seen that to many times.
.
"Since 1789 the only government on Earth that has the power to crush the American people`s liberties across the board is the government of the United States"
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Really? That's terrible. I
Really?
That's terrible. I thought you couldn't have a vehicle over $7000 and get food stamps in Texas. I'm sure most people would worm around that but I thought that was a good start.
Columbus, Ohio
chickens..
If you are allowed to have roosters, get buff orpington and silky hens...they set on eggs and hatch chicks really easily. Now if you are really hungry you can eat roosters..50 percent of the chicks will be roosters. you will have eggs...and if you let the chickens free range and give them scraps to eat they are really cheap to keep. I know it sounds so obvious but I think the chickens are key to having your own food supply. I guess if the economy keeps going as it is pretty soon the restrictions on roosters and hanging laundry to dry will be going by the wayside. My grandma recommends rabbits for meat, that's what they raised in the depression, easier than plucking a chicken apparently and tasty.
Our Buff Orpington (who came
Our Buff Orpington (who came with a coop we bought and is the only survivor of a fox attack, named Harry, The Chicken that Lived) has done a good job raising the chicks she sat on. Our Silkie is retarded. She keeps getting off the nest in the last 3 days and hasn't hatched an egg yet. Jersey Giants are also good for going broody. We have one of those in our laying flock. Hell, a couple of our Delaware breeding stock hens have been trying to go broody on us all summer. My wife has an incubator and hatcher as well.
Our dogs do a great job of keeping the riff-raff out of our yard (we are very rural) and our coops are locked up behind a pad lock at night. They're pet German Shepherds. Livestock dogs are optimal, though... Maremmas, Great Pyrenees, Italian Shepherds, Anatolians. For a small yard, Maremmas are probably best, think light-bodied Great Pyrenees (around 60-80 lbs).
And yes, we slaughter and eat the roosters left over from a hatching. We raise Delawares for that purpose, good dual-purpose birds. 4lb cleaned carcasses and steady brown egg layers.
Local restrictions on chicken keeping are usually pretty restrictive... no more than 2 hens, from my experience. Check with the local authorities and work to have them loosen those guidelines a bit. There's a group working locally (and quietly) to get the limit raised from 2 to around 5, which should produce enough for a small family (around 4 eggs/day).
Ta,
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Plus the foxes just love a chicken dinner
It's a sad reality of chicken raising. Nevertheless, chickens are also good for the soul. I never plan to be without at least two and feel just a bit empty on the days between a fox visit and an auction trip. I "think" I finally have him beat, but I've thought that before. I look at it this way, one day I'll kill that fox and skin him. It may take several chickens but it's cheaper than one of those fancy foxhunts.
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When you get him, let me know how.
We just lost 11 to a fox.
guardian livestock dog
Have you considered a guardian livestock dog they have different breeds of them, a lot of people around here swear by them. we just have two big dogs that do a good job of keeping predators away so far..OH and by the way the dogs can eat the chicken eggs too
Dogs ARE our predators here.
I shudder to think what it will be like trying to raise small livestock when the neighbors are no longer be able to afford sufficient dog food. We may have to learn how to barbecue dogs.
Livestock dogs were bred and
Livestock dogs were bred and designed to kill other canines, wolves and coyotes. Get a good livestock dog and let them do their job. If they can protect a herd of goats or sheep from coyotes, they can protect a handful of chickens from a pet Lab.
Ta,
Blog: The Present in Plain Text
Listen to The Myo-Tonics on YouTube
I went the chicken route
myself...
great advice beverly33!
I've had rabbit, it's pretty good.
I know killing fuzzy cute bunnies is hard to imagine for some, but in desperate times, know that they will go down pretty good.
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Feh. Fuzzy, cute, whatever.
Feh. Fuzzy, cute, whatever. Those things go out the window the minute they eat down your green beans.
22LR FTW.
Ta,
Blog: The Present in Plain Text
Listen to The Myo-Tonics on YouTube
Rabbits are good.
I've eaten ALOT of them. But...
Ever heard of rabbit starvation? You gotta have some fat in your diet too. Chickens do well for that part.
I like a nice rabbit leg myself, make a good BBQ for guests, (because they wont eat the food), but they got so many worms and other stuff, it's actually kinda gross when you skin them.
Snake is the same way, not enough fat, and you gotta cook 'em like mad so they don't taste and chew like raw squid. (Rubber)
Ever had twice fried pidgeon? It's actaully good.
You can do all those things, but it's really important to have your garden also. I grow as much as I can, and it's doing awesome this year. The potatoes are going nuts, they love this ground (and temps.)
It's been a slow start, cold weather, but now things are really popping.
Anyways, if you ever go on the rabbit diet, make sure you have a few birds now and then, it helps (I know).
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Didn't know about the worms...
So I need to grow Epazote to de-worm myself, after I eat the rabbit, just to be on the safe side! Thanks for the heads up, I might have to have someone do the skinning for me!
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If there is snow on the
If there is snow on the ground, the rabbits are clean. Good to eat - no puking while skinning. If there is no snow (aka not cold), they get all kinds of nasty (very large) parasites. Some are as big as pencil erasers, it's really gross.
And you don't have to deworm yourself after eating it, just cook the food.
Well done please.
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Thanks to this
I'll Never eat Rabbit! LOL, what about squirrel? same deal?
yes agree about food prices
the prices are going way up. I know because I feed 3 growing boys. Fruit trees are good too they produce lots of fruit, same with grape vines, and we have a vegetable garden and of course chickens. A dairy goat would be ideal.
Conflicting Data...
I don't have a bone to pick with the source of this information (inflation.us), but the following may paint a different picture. And yes, I'm a believer in gold, but believe we are in a deflationary period at present. Gold acting strong during this period is quite telling.
Judge for yourself as to what's going on at present;
Producer prices actually fell for the 3rd time in 4 months according to this article; http://www.businessweek.com/news/2010-06-16/producer-prices-...
According to that report: "The cost of food decreased 0.6 percent in May, the biggest drop since July, led by a decrease in vegetable costs."
The other issue, is while food prices may be going higher, consumer prices fell for the second straight month:
http://www.google.com/hostednews/ap/article/ALeqM5h6dT1TIKE1...
Other capital goods are falling: Lumber has declined 21% in the last 5 weeks. http://money.cnn.com/2010/06/08/news/economy/lumber_deflatio...
Copper prices fell: http://www.metalmarkets.org.uk/2010/06/16/copper-prices-fall...
The Journal of Commerce (JOC) Commodity Index that tracks the growth rate of steel, cattle hides, tallow and burlap plunged 57% in May, the most since October 2008
http://moneymorning.com/2010/06/09/commodities-2/
Real Estate prices are continuing to decline now that the government faucet has been turned off. http://www.ibtimes.com/articles/29974/20100622/u-s-existing-...
The Baltic Dry Index seems to be in the beginning of a freefall. http://investmenttools.com/futures/bdi_baltic_dry_index.htm#bdi
One last thought...but I don't have proof of....
One has to consider there is a moral hazard aspect to this rise in the price of food based on the fact the government is giving out much more free money (food stamps) to buyers.
There have been 14 consecutive months of increase in usage of food stamps and 39 million are now using them. Not a small figure.
Naturally I suspect that anyone who is given free money to use on groceries will use it to its fullest extent.
Grocery stores now have a guarantee each month of x amount of business from this, above and beyond what they may have received without such gifts.
People who have little money eat less. People with free money are living high on the government's hog.
To what degree I couldn't tell you, but the same moral hazard exists with health care and college tuition as Peter Schiff has shown.
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Has anyone had success with indoor gardening
other than a few tomato plants? I have been planning on having one for quite some time, but haven't decided on a method yet. I know hydroponics is an option, but what about soil with effective grow lights? I'm looking to grow beans, leafy greens, varieties of tomatoes, peppers and herbs. If anyone thinks one method of indoor gardening is more successful than the other, could you post and give details? Thanks, I should get this going ASAP.
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Fish and veggies together
http://attra.ncat.org/attra-pub/aquaponic.html
"In aquaponics, nutrient-rich effluent from fish tanks is used to fertigate hydroponic production beds. This is good for the fish because plant roots and rhizobacteria remove nutrients from the water. These nutrients — generated from fish manure, algae, and decomposing fish feed — are contaminants that would otherwise build up to toxic levels in the fish tanks, but instead serve as liquid fertilizer to hydroponically grown plants. In turn, the hydroponic beds function as a biofilter — stripping off ammonia, nitrates, nitrites, and phosphorus — so the freshly cleansed water can then be recirculated back into the fish tanks. The nitrifying bacteria living in the gravel and in association with the plant roots play a critical role in nutrient cycling; without these microorganisms the whole system would stop functioning. "
only with weed back in the late 70's. My knowledge in
this area can maybe help others It takes deep soil to grow the best plants. If done inside it must be at least 18" of soil(wide rows) to get the best growth. I now do this outside. Get a soil testing kit and make sure you have the best soil for what you are growing.
If you are going to use grow lights and automatic watering systems then you need to make sure it is done at the right time and just a spray. Do not flood the plants. Do not use water from the utilities. If you do then filter it. Add the right nutrients as necessary. I find lime is the most needed nutrient.
Get your seed from the few companies that do non-GMO. Learn to save seed. Without this we are all lost.
Jim
1976-1982 USMC, You can thank me for my service by voting for Dr. Ron Paul, President 2012