FOOD: Foreigners Outbid Domestics Time for Low Carb Diets!
Posted March 22nd, 2008 by Susan
output
“Food consumers worldwide are going to have to pay more,” Hurt said. “We ended 2007 with our monthly inflation rate on food nearly 5 percent higher. I think we’ll see times in 2008 where the food inflation rate might be as much as 6 percent. “I also think we’ll have discussions about food security in 2008. We’ll have discussions about whether we should allow the foreign sector to buy our food. Is food a strategic item that we need to keep in our country?”
For some U.S. crops, it’s almost too late. The 2007 U.S. wheat crop is virtually sold out, while domestic soybean stocks soon will fall below a 20-day supply. Corn inventories are stronger, but with demand from export markets, the livestock industry and ethanol plants, supplies also could be just as scarce for the 2008 crop. The condition could become more serious if adverse weather trims U.S. crop yields this summer and fall. The situation is reminiscent of another run on U.S. grain one generation ago, Hurt said.“We’ve seen the relationship of the U.S. dollar to foreign currencies change substantially in the last few years,” he said. “The European euro has increased in value relative to the U.S. dollar by 40 percent. What that means is that with the same number of euros, the Europeans can buy 40 percent more in the United States than they would have been able to buy three or four years ago.”
“The last time we had this kind of uncertainty on food supplies was the early 1970s when the former Soviet Union became a major buyer of wheat in the United States. In the fall of 1972 they were such aggressive buyers that they essentially bought the pantry out of our available wheat supplies. In 1973 we also virtually ran out of soybeans. The U.S. Congress and president responded by saying we cannot let the rest of the world have our strategic food supply, so they embargoed all foreign soybean shipments until we could replenish the supply.”
* Wheat Price Surges
* Wheat Levels at lowest since WWII
* Wheat historically trades at $3 to $7 a bushel.
But this week, futures of spring wheat ---- which produces the flour used in hearth breads, rolls, croissants, bagels and pizza crust ---- were close to $18 a bushel on the Minneapolis Grain Exchange. They climbed as high as $24 in late February.
http://ethanolproducer.co...
Bakers Raise Concerns
Bread isn’t the only thing rising in bakeries across the country. Wheat prices have reached an all-time high and bakers are concerned that the “commodity crisis” has reached a point of no return. “Last year I was paying about $14 for a hundred pound bag of flour. Last week I was quoted $57 for that same bag of flour…bakers can’t keep up with those increases and we will be forced to make cuts or go under.”
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Start....
stocking up NOW...try and be one step ahead of the game...bread and other wheat items can be frozen or stored in bulk with oxegen absorbers...Also...check into buying a whole cow for slaughter...They are running about $700 in our area...or split the cow and cost with another family...don't like beef? a chicken coop is good and low cost to maintain..
Times are going to be seriously tough indeed...From the bright ones I've heard from on DP...by the 2008 Q4...most will have to choose between food or heating bills...One or the other..
Very scary.
Call me eccentric...
But I wouldn't trust throwing your money into things you have to freeze. That would make you pretty dependant on utilities.. ;)
If possible, a garden, chickens and goats. If you're really on the ball and have some property, get a stock pond dug and get fish going as well... it doesn't cost that much for the wildlife service to stock it for you.
Fruit trees, blackberries.. etc, etc....
Food Shortages
www.dailyreckoning.co.uk/...
Tight food supplies threaten civil order but governmental responses have not helped.
"While the financial markets seem mesmerised by the credit crunch, trouble is quietly brewing elsewhere. As world markets have moved to price in recession in the US this year, the commodity markets appear not to have got the message."
Of COURSE the culprit will
Of COURSE the culprit will be identified by the Press as those evil, scheming, wicked, underhanded food-snatchers--the BIO-FUEL INDUSTRY! How dare they snatch grain from the mouths of starving babies in the Third World!
(:::eyeroll:::)
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
Rising grain prices affect protein prices as well.
The rising price of corn will make prices of beef, poultry and in some cases even pork, increase as well as. I do a lot of work for major American meat and poultry brands and their cost of goods is exploding. The price of feed corn has skyrocketed in the past couple of years. The use of soy as source material for biodiesel will drive up the cost of processed soy and soy protein isolate. So unfortunately, there won't be a price benefit to an Atkins diet.
I just read an article quoting Peter Barack, the chief executive of Nestle decrying the government mandates for ethanol and biofuels. He claims that this will only create food shortages. "Braback's recent comments echo concerns raised by UN rapporteur Jean Ziegler last October, who said the corn needed to make 50 litres of bioethanol could feed a child for a year." See
http://www.FoodAndDrinkEu...
Susan, the problem is yes
Susan,
the problem is yes prices are going up... but incomes are not! the middle class is going to get squeezed big time! more money for things that you have to have to live, Food-gas-etc. the less money people have for other things... the economy is going to restrict.. less eating out, less movies.. etc.
Absolutley Correct.....Very few have received raises in recent
times and if they did get a cost of living adjustment it most likely wasn't admitted inflation of 7% much less real inflation 10-12% That hidden inflation tax is getting everyone and it's getting worse as the Feds. printing
press rolls 24/7. Inflation will cause increases is nearly everything and clobber the struggling middle class.
States are having to increase taxes (see Michigan) to keep programs running and local Governments, faced with decreasing property values, are inceasing property tax rates as well so local budgets don't suffer too harshly. Where does all this leave the average Joe or Jane? Follow the bouncing ball....something has to give and likely, it's the elimination of the middle class.
Be prepared.
The price of gold, silver and stocks can be manipulated. But the price of food can't be manipulated as easily. Of course there are many trying to manipulate the price of contracts so that farmers will be locked in at low values. However many small farmers aren't going to fall for this trick. They know the price of food is going to be going up. And that's considering that we will have a good crop. What if it doesn't rain, or rains too much. How much food is stored in banks?
Well I guess this is to be expected
They destroy the dollar, foreigners can buy more with it....since one of the few things we export is food, I guess this has to happen.
We actually import more food than we export-----
Think about that for a minute---is that scarey or what? Food control is people control and that is the aim of National Animal ID and Real ID for people.
your right NAIS is as big a
your right NAIS is as big a subject as national id... food is weapon.. ask Stalin.....
BIGGER. Real ID is a
BIGGER. Real ID is a bureaucratic annoyance by comparison. Control the food chain and you control humanity.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
So, I wonder what happens if
So, I wonder what happens if there is a worldwide food shortage? Our embargoes won't protect us all that much if other countries also make embargoes as well.
I
i still don't get your post
most with a second grade
most with a second grade education understand this post onevoiceof TREASON.. go back to bed.. nothing going on here. move on.
DICKWAD TROLL
STILL TROLLING SHITBAG?
No, that was from a couple
No, that was from a couple of days ago ---- OneGollumofTreason appears to be gone!
Ding, Dong, the Troll is Dead!
I didn't realize inflation was such a difficult
thing to understand.....third grader version....food costs more....hang on to your hat
soybeans
Fortune Favors the Bold
aren't that good for you. Especially for men. consume soy in moderation, and don't give it to kids or teens. It contains a chemical that acts like estrogen.
Soybeans also make high
Soybeans also make high grade bio-fuel, which is "an enemy of the republic", as Emperor Palpatine Cheney would croak.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
This is absolutely correct. They have sold us on soy as a
"health" food, and it's BS. I have read some things which refer to soy as a "non-food." It has high levels of estrogenic hormones. I believe this is all part of the plot to screw us all up. Put soy in everything, convince us it's healthy, etc. Just another scam. Big surprise. Not!
I
i hate beans
lets
lets send this one around again
and
around again
what
what kid of crazy post is this
it's kooky
Like Ron Paul's ideas about the economy right? Keep watching. Oh and keep an eye on Iraq while your at it. What you don't understand is that we're trying to help and so is he.