Food industry says prices headed up again in 08 »
Posted By STONERS 1 year, 8 months ago in NewsAmericans who dug deeper into their pockets for groceries last year will face sticker shock again this year when shopping for food, experts said on Thursday.
Read Full Story at news.yahoo.com »
168 Views Share Story 24 Comments Report
Submitted By:
STONERS
Welcome to my profile...I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it ...
Who Also Submitted:
Other Related Articles:
Why not submit a story?
RSS Join the Discussion
+ Add CommentShowing 37 of 40 Comments (view all)
-
Neutral
STONERS1 year, 8 months ago
This comment is below the standard viewing threshold View It »
"Prices of grain futures have surged lately. For example, wheat futures have more than doubled on the Chicago Board of Trade over the last 12 months. Pope said meat shoppers eventually will pay for the rally because farmers who raise livestock cannot absorb the sharp escalation in feed costs."
Reply-
Neutral
STONERS1 year, 8 months ago
This comment is below the standard viewing threshold View It »
"USDA Chief Economist Joseph Glauber forecast that consumer food prices would rise 3.0 to 4.0 percent this year after a similar 4.0 percent hike in 2007."
"He added that "overall retail food prices for 2008 to 2010 are expected to rise faster than the general inflation rate."
Reply -
Neutral
pc251 year, 8 months ago
This comment is below the standard viewing threshold View It »
http://www.earth-policy.org/Transcripts/SenateE...
Reply -
-
-
-
-
rdy2rckComment removed: Hard Banned
-
Neutral
getreal11 year, 8 months ago
This comment is below the standard viewing threshold View It »
You can bet the price of food is going up. Katrina messed up our sugar growth and the Imperial sugar plant that exploded didn't help either. I wouldn't worry about corn too much. The reasons that corn is not always so abundant is the fact that the farmers are paid not to grow it. That's probably not the only crop. Honey bees are disappearing and if the rest of this world would stop fighting and start to join in on ways to save itself that might help. i was thinking a couple of nights ago about how I could build a gigantic, fireproof, Ark that floats and do the Noah thing if push comes to shove. With my luck I would be blasted in to space and who knows but the maker from there.
Reply -
-
-
PsychoHosebeastComment removed: Spammer, Abusive2 Replies
-
Neutral
canadianrancher571 year, 8 months ago
This comment is below the standard viewing threshold View It »
I wonder about something when it comes to the prices paid for food, up here there is a cereal that we buy and we noticed that since Sept. the size of the package has not change but the amount in it has, it has been reduced from 800 grams down to 750 grams and the price has risen by about 5 percent, when they figure out incereases in food prices do they take into acount stunts like this.
TheRealizer- In Canada the pork and chicken industries are vertically intergrated so they are able to pass the costs on to the consumer since they own the whole industry, but us guys with cattle are still at the mercy of the market, if there have been increases in the beef prices you can blame mostly the retailers.
Another thing I wonder about is the subsities that are paid to farmers, are they going to be reduced since right now farming seems to be paying its own way. If that money could be returned to tax payers or people in general it would help a bit.
Reply-
Neutral
TheRealizer1 year, 8 months ago
This comment is below the standard viewing threshold View It »
Hi canadinarancher: I am not blaming the entire price increase on ethanol, I have a little farm herd of cows.
I have found with the increase in fuel prices that it costs me more than triple what it cost only 5 yrs. ago to cut, bale and transport hay to my feed yard. What I am saying is ethanol is an unjustified subsidy which will do nothing to improve the fuel supply.
Reply
-
-
Neutral
white-pawn1 year, 8 months ago
This comment is below the standard viewing threshold View It »
This will help get rid of the middle class. Meanwhile, KBR holds no bid contracts to build prison camps in the US. Enough to hold all those who have been foreclosed upon when they take to the streets, angry about having to line up for stale bread.
Reply -
-
Neutral
nostalgia1 year, 8 months ago
This comment is below the standard viewing threshold View It »
Bloomberg has an interesting article on the corn for ethanol debate
Ethanol Demand in US Adds to Food, Fertilizer Costs
US plans to replace 15 percent of gasoline consumption with crop-based fuels including ethanol are already leading to some unintended consequences as food prices and fertilizer costs increase.
About 33% of US corn will be used for fuel during the next decade, up from 11% in 2002, the Agriculture Department estimates.
Increased demand for the grain helped boost food prices by 4.9 percent last year, the most since 1990, and will reduce global inventories of corn to the lowest in 24 years, government data show. While advocates say ethanol is cleaner than gasoline, a Princeton University study this month said it causes more environmental harm than fossil fuels.
http://www.bloomberg.com/apps/news?pid=20601109...
Does anyone think Congress will admit the subsidies they passed in the Ag Bill for ethanol production were a mistake?
Reply -
Neutral
kboy1 year, 8 months ago
This comment is below the standard viewing threshold View It »
Interesting. I notice nobody mentions the Greens that pushed (and brought suits) to force gas additives that cut gas mileage by a small percent. This polluted the water with MBTE so we had to (because of Court Rulings) use something, hence alcohol. We protect our alcohol plants with a 51 cent per gallon import duty and because that is still not enough, we also subsidize another 50 cent per gallon to make the stuff. Oh, yea. It still uses more than a gallon of fuel to make a gallon of alcohol. Nice try to blame it on Bush. But the farm industry and the Greens are happy. And the rest of us pay for it. The import duty on sugar keeps the inefficient US sugar
business going. Stop buying the Chinese imports if you want to keep the demand for oil down and the price to drop. Wait till the Greens finish with electric plants and then see the real big price increases for everything!
Reply -
-
Neutral
Charlson1 year, 8 months ago
This comment is below the standard viewing threshold View It »
"Agriculture impacts the environment in many ways. It uses huge amounts of water, energy, and chemicals, often with little regard to long-term adverse effects. But the environmental costs of agriculture are mounting. Irrigation systems are pumping water from reservoirs faster than they are being recharged. Herbicides and insecticides are accumulating in ground and surface waters. Chemical fertilizers are running off the fields into water systems where they encourage damaging blooms of microorganisms. Mountains of waste and noxious odor are the hallmarks of poultry and livestock operations."
(continued)
Reply-
Neutral
Charlson1 year, 8 months ago
This comment is below the standard viewing threshold View It »
""Many of the negative effects of industrial agriculture are remote from fields and farms. Nitrogen compounds from the Midwest, for example, travel down the Mississippi to degrade coastal fisheries in the Gulf of Mexico. But other adverse effects are showing up within agricultural production systems -- for example, the rapidly developing resistance among pests is rendering our arsenal of herbicides and insecticides increasingly ineffective."
(continued)
Reply
-
-
Neutral
Charlson1 year, 8 months ago
This comment is below the standard viewing threshold View It »
"It is time to transform agriculture into a sustainable enterprise, one based on systems that can be employed for centuries -- not decades -- without undermining the resources on which agricultural productivity depends. The question is how to do it. The choices are to stick with the current system and adjust around the edges or to fundamentally rethink it. UCS is aiming for the long-range transformation of US agriculture to a system that is both productive and environmentally sound."
http://www.ucsusa.org/food_and_environment/sust...
Reply -
Neutral
jumpmaster1 year, 8 months ago
This comment is below the standard viewing threshold View It »
The root of the problem is over population. We need legislation to limit the number of children that people are allowed to have.
Every couple should be allowed one offspring. If they choose not to have children, they can sell their baby credit to someone else. Kind of like a fetal carbon credit.
Reply-
Neutral
simonsez1 year, 8 months ago
This comment is below the standard viewing threshold View It »
Doesn't work, jump. Putin gives Russians a holiday to stay home and make babies trying to increase the birthrate.
China has too many boys because of their meddling; same is true for India. Many countries are suffering from negative birthrates. Even in the US, families are smaller than previous times.
Lets reduce government impact on our lives. We already allow abortion and birth control.
Reply
-
-
-
Neutral
Cityslicker1 year, 8 months ago
This comment is below the standard viewing threshold View It »
O-k Food goes up Gasoline goes up , Incomes remain the same .
Retailers want you to buy more , Oil and Commodity Traders want you to spend more , more , more , more , but we the American People have less and less to spend due to rising Economic trend brought on by greed and gluttony of the rich .
Here is a solution , stop rising Fuel prices , go back to pre-Katrina prices , remember Katrina ? , what started this all .
Reply
More News
LA Times
A story of shock, chaos and bravery unfolds in Ft. Hood shooting
Healthcare bill clears parliamentary hurdle in House
Afghanistan government accuses foreign officials of interfering
Unemployment rate rises above 10% ; Obama signs jobless benefit extension
Jason Rodriguez : Shooting at downtown Orlando office building leaves 5 hurt, 1 dead
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.