Oh ok. Give a year and we will see.
Far as I see it. The climate is getting colder and we will all get to experience shortages.
Besides all that. You are missing a few steps in the process. Harvesting it, transporting it, milling it, etc. If the crop is real short, some may just plow it back under. Will cost to much to send the combines in for the return.
The costs of Harvesting it, transporting it, milling it, etc. are already included in the 5 cents, or less, per loaf.
I was on limited time earlier so my answer was brief and left out the one point I wanted, but couldn’t, make.
That is that no matter the cost of the wheat to make the bread all the other cost generally stay almost exactly the same. So it the cost of wheat more than doubles from 5 cents to 12 cents, the loaf should only go up 7 cents to cover the additional cost.
In real life that doesn’t happen. The bakery, using the big focus on the big increase costs of the wheat, raises the price by a lot more.
It’s human nature to do that, and with time, competition brings things back in line.
The coming global cooling is going to be a real challenge.
I hope it isn’t a deadly challenge.