With huge chunks of the Corn Belt under water and the corn planting season ending in about ten days, we will soon be paying much more for groceries. It is time to quit shipping grain exports, as many countries have been doing the past three months.
My remark was in reference to the Strategic Reserve claims made in the article - which, in my reading, was intimating that the current Farm Bill Boondoggle is needed to ‘correct’ the ‘problem’....
Given the apparent bias of the author, I’m suspending judgement on that aspect of the discussion....
(For the record, I’m a proud member of the doom ‘n gloom camp — and I’ve been predicting skyrocketing food prices - and, worst-case, food riots in American urban areas - for a while, now.. ;~))
The moment you restrict where a farmer can sell his crop, you are basically enacting a price control. The price may stay low, but you damage the supply - or force ever-larger farming subsidies.