bert:" The Bureau of Economic Analysis keeps us informed on the inflation rate but fails in one respect.
The inflation information provided leaves out food.(Say What ?; Emphasis mine)"
"So, in the era of Pelosi/Biden induced inflation, bert has developed a basket of 20 common food products and will track prices and compute the inflation rate on the basket total
and each individual item at a one month interval.
The reason given for excluding food in the BEA inflation figure is because there are so many variables that effect prices that monetary inflation gets lost in the shuffle.
(My comment) Food is volatile, and varies according to the season, and conditions of nature, according to tillable land available (rain, snow, hail, flooding, etc.)
One we know that is already happening is China. China is in terrible food shape.
Crop failure, massive flooding, swine disease and poor management of stock piles have forced China to import phenomenally large quantities of soy beans and corn.
Brazil is sold out of soy beans.
American farmers will pick up all he slack."
We are having a very good year for crops here in Michigan.
Last year a lot of fallow fields. This year it is a rarity.
Winter wheat is being harvested now and it looks good. Beans are nice and corn looks terrific.
American farmers will pick up all he slack.”
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American Farmers are not having a good year especially upper midwest and CA. Duram Wheat is the worst is 60 years. Livestock is being sold off early due to lack of feed.
Preppers - I hope we are ready!
America cannot pick up the slack if we have our own crop failures.
The drought and heat in the west and mid west, with attendant grasshoppers,
Flooding on the eastern seaboard (my garden is a standing puddle at the moment),
The deep freeze in the south this past winter.
Last year’s storms that wiped out some wheat crops.
And there’s still the potential for more tornadoes, hurricanes and flooding from those.
And an early winter would not help.
Anyone who can needs to be looking at doing their own gardening and storing of food.
Seeds can be had right now and learning the skills to garden, harvest, save seeds, and put up your harvest takes time.
I’ve learned a lot this year about gardening on a larger scale, laying out the garden, seeing what’s worth growing, and saving seeds from heirloom varieties. Next year will go more smoothly , I hope.