I’ve been kind of partial to basmati rice lately.
But Minute Rice will do just fine.
If the current generation gets a Jimmy Carter Recession, they’ll be rioting and raiding each others homes to steal food.
Economists say? I’d rather have our farmers tell me. Economists are not partial to things like preserving national security.
I’m doing my part by choosing garlic mashed potatos over rice every time.
The prices of these commodities have been rising dramatically, partially because of increasing demand from other parts of the world and the weakness of the dollar.
The bigger reason is because of the dislocation of acreage due to the use of corn, mainly, but other grains as well, for the low efficiency non-ecologically useful ethanol to feed those ugly little Prius beasts running around here.
The bottom line is that rice, dry pasta, flour and other grains as well as many canned foods last for months even years.
A money market fund pays 2.5% or less, a 1 year CD pays 4% or less...stocking up on rice and those other commodities now can save (earn) 5-10-15 maybe even 20% on that cash.
Should I mention that it might also save you gas, by reducing the number of times you drive to the market each year?
I’ve stocked up on Rice-A-Roni, Cajun Style...ummmmm.
The article falls flat on its face when one looks for some facts on the situation.
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"Rice yields globally expanded more than 40% from 1980 to 2000, according to data compiled by the USDA. They've increased only about 5% since then, the data show. Stockpiles will fall to 75.2 million tons, about half of where they were at the start of the decade, the USDA said."
http://www.financialpost.com/small_business/story.html?id=428566
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"KANSAS CITY, April 16: The world has “never been less secure” about the near-term future of wheat, US Agriculture Secretary Edward Schafer told food aid groups on Wednesday.
Schafer told the International Food Aid Conference meeting here that global wheat stocks are at historic 30-year lows and US wheat stocks are at 60-year lows. Against that background, the highly virulent African stem rust is quickly spreading to places such as Uganda, Ethiopia, Yemen, India, Pakistan and now Iran.
“With over 75 per cent of US wheat acres planted to varieties that are highly susceptible to this disease, the threat here at home is real and it is urgent,” he said.
The disease, which is carried by wind spores, would be devastating to global food supplies if it affects the US wheat crops, now valued at $16 billion."
Yeah, eat rice! It’ll make you short in stature like it did the Asian populations until they started importing beef from the Good Ole U.S.A. !
Nevertheless, store-brand and Riceland Rice (located here in Arkansas) has doubled in price since the start of the year. Plenty of supply, but not getting any cheaper.
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I went to trader joe’s in my neighborhood. NO RICE.
So, like the filipinos here send rice there and create a shortage here?
what the h*ll?
Plenty of rice, just not the rice that is the most popular.
Even though the news of Jasmine rice shortages at Costco came out last week, it’s been going on for at least two or three months. Our San Leandro store was out of the 50 lb bags in late January or early February, then the following week they had some. When we went to get another one in early April they were out of the 50lb bags and the 25 lb bags. Later that day we checked the San Francisco store, they were out too. That’s when I began to suspect something was going on.
Anyway, we switched to good old fashioned farm-subsidy corporate welfare American rice. It took Mrs. Flash about a week to figure out how much water was needed to cook it properly.