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Food Prices Could Go Up, Again.

This year more of the corn crop will go into gas than to feed animals... not to mention the dry conditions... my corn flakes will go to $7/box.
 
There is no "could" about it, the price of food "will" be going up. You can blame the drought in Texas.

Weather forecaster are predicting the summer of 2012 to be just as bad as 2011. If that prediction is true, we can expect food prices to keep going up for the next 2 years.
 
Great, now we have another thread that Dave can provide daily updates on food prices as well as people being carded when purchasing vinegar.
 
Ethanol subsidies really do need to be stopped, from what I've heard ethanol is a net loss of energy, and to draw away so much resources due to subsidies to what could be the backbone of tamale america, really is tragic.
 
dmcowen674 said:
9-13-2011

http://news.yahoo.com/corn-prices-rise-prediction-smaller-harvest-201257213.html
Prices have climbed an additional 18.5 percent this year.
Click to expand...

First said:
Talk about a non-newsworthy story.
Click to expand...

Anytime the price of food rises faster then the rate of inflation, there is need for concern.

Average rate of inflation should be around 3% - 4%, price of food has gone up 18.5% in less then a year. Before its over we are probably going to see food prices rising faster then wages can keep up.
 
Last edited:
Texashiker said:
Anytime the price of food rises faster then the rate of inflation, there is need for concern.

Average rate of inflation should be around 3% - 4%, price of food has gone up 18.5% in less then a year. Before its over we are probably going to see food prices rising faster then wages can keep up.
Click to expand...

Food prices have been keeping up with inflation. In fact, it has been behind inflation up until very recently. http://www.indexmundi.com/commodities/?commodity=food-price-index&months=360
 
No big deal, according to government inflation statistics the increasing costs of healthcare, food, fuel and energy are offset by hot deals on flat screen TVs.
 
drebo said:
I have a crazy, radical idea...

Don't burn our fucking food crops.

There, I said it.
Click to expand...
Ethanol (ie burning corn) is made from field corn not the sweet corn that people eat. The sweet corn that people eat is being produced more and more each year in the US (see the chart I posted above).

Next...
 
dullard said:
Ethanol (ie burning corn) is made from field corn not the sweet corn that people eat. The sweet corn that people eat is being produced more and more each year in the US (see the chart I posted above).

Next...
Click to expand...

So instead of wasting the land on growing a fuel that is neither effective nor environmentally friendly, use it to grow more fucking sweet corn.

Next...
 
Texashiker said:
Less field corn = increase in meat prices
Click to expand...
But, non-ethanol corn production (for animal feed and human consumption) is growing (see my graph above). Since there is more and more corn NOT going to ethanol does that equal lower meat prices? Your logic fails.
 
drebo said:
So instead of wasting the land on growing a fuel that is neither effective nor environmentally friendly, use it to grow more fucking sweet corn.
Click to expand...
It is an effective fuel, you are just plain wrong there. You can only find one scientist that says otherwise and that scientist uses 40 year old production data ignoring any gains that were made since the 1970s.

You are correct that it isn't particularly environmentally friendly.

As for using the land, that is a farmer's choice. Free markets tend to do that. Or, are you arguing the government should step in and order farmers to go against their will?
 
dullard said:
But, non-ethanol corn production (for animal feed and human consumption) is growing (see my graph above). Since there is more and more corn NOT going to ethanol does that equal lower meat prices?
Click to expand...

How is your chart going to fair when the figures of the 2011 drought are figured in? And the weather forecasters are predicting another drought in 2012.

There are all kinds of risk from mono-cropping, and that is what a lot of farmers are doing. They are growing corn year after year. Mono-cropping strips the soil of certain nutrients, and helps breed crop diseases.

Its just a matter or time before we see some kind of crash in corn. Whether its from disease, drought, climate change,,,,, the slightest little thing is going to throw corn production and food prices out of tilt.
 
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