Posted on 03/31/2008 12:33:26 PM PDT by Freedom_Is_Not_Free
If your diet consists entirely of bacon, you probably havent noticed that food prices in the United States are rising. Practically everything else is going up, and the respite for lovers of pork bellies is temporary.
Last week, the American Farm Bureau Federation, an organization of farmers and ranchers, announced the results of its quarterly Marketbasket Survey, and the outlook for producers and consumers is not great.
Every quarter since 1989, the federation has conducted an informal survey to determine the price of a basket of 16 basic food items an average American would purchase at a local grocery store. A 20-ounce loaf of white bread, a 32-ounce bottle of vegetable oil, a gallon of whole milk and one pound of pork chops are among the items surveyed.
Thursdays report for the first quarter of 2008 saw an increase of $3.42, or 8.2%, to $45.03, from the previous quarter. The same standard bag of groceries was 8.9% more expensive than it was in the year-earlier quarter.
Overall changes in retail food prices highlight that the United States food market is more greatly tied to the global situation and global markets than ever before, said Jim Sartwelle, a federation economist.
An increasing demand for biodiesel, particularly in Europe, is driving price increases in all vegetable and animal-derived fat products, Sartwelle said. If you are a consumer and you need Mazola for cake mix, at some level you are competing with biodiesel users somewhere else in the world.
Runaway energy costs also help to drive up food prices. Use of natural gas and diesel fuel in the production, packaging and transportation of goods from farm to table has exploded, Sartwelle continued. Its all tied in to crude oil prices.
(Excerpt) Read more at forbes.com ...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Inflation? What inflation?
Stop the subsidies
Be on alert: Sky is falling.
Are we tiring of watching oil prices? Should be follow pork bellies now?
Maybe all the fatties in my office will loose some weight....but I doubt it.....I have a 300 pounder next to me that keeps those cheese doodle bags rolling along...blaa
Is that the equivalent of BDSM for Muslim men? LOL.
bump for bacon
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