This is an absolute recipe for disaster.
All I can say is, I guess my employment in the Ag sector is secure.
the Fed’s phony measures show that vegetable prices are up 13%!
Let’s cut to the chase - what’s the impact on Kobe Beef prices?
Don’t we pay farmers to NOT grow crops?
The first and hardest hit will be those countries in which large numbers of humans are living on a few dollars a day. They will be the canaries in the coal mine.
Many countries around the world can choose to invest in agriculture or weapons, and they choose weapons. I don’t like the food grown for fuel idea, but a lot of the blame should not fall on us.
Or the absolute recipe for some profits.
Maybe some truth but a fair amount of BS or at least fast-and-loose here.
Corn for one. Here is hard data showing US corn production has been increasing significantly year-over-year and has reached record levels:
http://www.ncga.com/corn-production-trends
Some has been driven by ethanol, sure. But that corn could be diverted to food instead, the point is we are producing it already. No shortage.
Whenever some blogger trying to pimp his website and/or book and/or newsletter claims there’s “reduced production” and “decade low inventories” without any proof, it becomes accepted as fact (?)
There is never food shortage, there is lack of transport
Glenn Beck has been talking about this for months.
Hey a shipment of food is coming in next Tuesday. Lets go camp out in line.
I hate the idea of good cropland being wasted to grow feed corn for ethanol. The proper use of farmland is to grow sweet corn to make fine bourbon.
Buy Gold commercials on FR ???
I would not be surprised to see this current regime promoting food shortages as a way to control the population through food rationing.
Which would also fit in nicely with the war on obesity—if this regime thinks people can’t be trusted to feed themselves properly, it would be quite happy to force them to.
When I went to the Navy Commissary last Tue the box of 2 min oatmeal I usually purchase for 95 cents was $1.99.
Should trends continue, 2012 may well feature a War against American kulaks, who are obviously hoarding their corn against the needs of the People!
If the President’s New Economic Policy doesn’t work, it must be because of greedy farmers and capitalist wreckers!
/progressive party line
Six weeks ago I was buying green beans for $.99 - 1.25 per pound. Last week they were 2.99. My grocer currently has NO green veggies on sale.
Withou illegal immigration, the US is not part of the growing world population. We are just stable.
And the reduction of the US agriculture output was accomplished by...the Rockefeller wing of the republican party in the 50s, 60s, and 70s. Not all socialists are in the democrat party.
Eliminating ethonol subsidies is a good opening move to restoring agriculture.