Posted on 01/20/2023 10:13:16 PM PST by blueplum
The price of eggs has skyrocketed in recent months, up 138% year-over-year last month. A dozen eggs now averages about $4.25, due in part to avian flu, which is tearing through poultry farms across the U.S.—wiping out some 58 million birds in the last year.
But there’s another culprit, says a farm advocacy group: price gouging. America’s largest egg producer saw a 600% jump in profits in the last quarter...
...“Avian flu is not manufactured—it’s real,” says Joe Maxwell, the co-founder of Farm Action. “But the dominant firms are using that supply chain disruption to gouge the consumers...”
...Overall, U.S. egg inventory was down 29% in December compared to the beginning of the year, largely because the dominant egg producers chose not to increase production despite “favorable conditions,” says Basel Musharbash, a lawyer for Farm Action.
“.... it does suggest that there is something worth investigating here and looking into how the industry seemed to calibrate its production decisions across competitors in order to induce and maintain these extremely high prices ...
(Excerpt) Read more at time.com ...
Scored a FREE dozen extra-large eggs from Kroger last week...
Oldest commie playbook. Create high costs and low supply (here storming about killing flocks) and then demonize anyone remaining for the intended and inevitable result of the supply-demand curve.
Where possible they like “price controls” so that the producers go under, the supply goes away entirely and another crisis is available for them to exploit.
Power, want, starvation and death. What did we used to call people seeking those goals?
You have to report that as income. They will 1099 you.
I’m sure it has nothing to do with the Feds destroying egg operations around the country /s
“Your Egg Prices Could Be So High Because of Price Gouging”
Of course they are.
Because of “inflation” EVERYTHING is artificially higher priced.
Inflation is the opportunity for EVERYONE to raise PROFITS along with raising them because of inflation.
Here in NY when the gas price was about to drop under one dollar, the state government quickly (almost overnight) raised the gas tax another 10 cents per gallon, when otherwise there would have been an OUTRAGE.
They were correct about being able to get away with it. No one noticed or cared.
That 10 cent tax increase is still with us today as part of our high gas prices.
You cannot just demand that chicks are suddenly laying eggs.
The day Biden shit down the pipe line and banned drilling he opened the flood gates to price gouging and it won’t go down if anything he gained big money backers scamming is his game he’s had 50 years of experience of it.
Party members get to whack the cash too guess how he got in office.
NEVER TRUST A DEMOCRAT
Of course, I buy mine preserved so they last longer...
remember when they were cheap enough to hurl at our enemies domiciles?
I have four dozen eggs brought to me every other week by a local farmer. Costs me $20 and these are way better than the eggs you find in a supermarket.
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