Food will stay high well into next year. When a farmer decides not to plant because he sees the costs will exceed his returns, the fields don’t magically fill with growing crops when gas prices go back down.
We are screwed until next year’s harvest, at minimum.
reports are gas will be back around 5 in the fall...it jumped back to 4 here in Michigan over night...diesel still solidly over 5 still....
Check into the “inflation acceleration” act. It has provisions in there for the “greening of American farms”. We are going to see a war on nitrogen come spring just like the Netherlands. Food ain’t going down anytime soon. Agenda 2030, live it, love it. After the election we are going to see the real effects of this administration.