Falling Prices: Why is Food Not Part of This Trend? »
Posted By Shana4Liberty 11 months, 1 week ago in Political News
By: Dr. Charles Kennedy
As we all know, the powers-that-be at the Federal Reserve, in the federal government, and on Wall Street are trying their best to make sure that prices do not come down. But, wouldn’t this be an ideal time for food prices to come down, so that people in dire financial straights can better afford to keep food on the table?
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Shana4Liberty
I'm a stay-at-homeschooling mom of 4 living in central Alabama, but a native of south Texas. Feel free to friend me and send me ...
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earthlingerer11 months, 1 week ago
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It's somehow diabolical that we've been in a recession for a year, and oil prices, as well as other commodity prices haven't actually fallen, as in every recession to this point.
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It's a rigged recession is the only possible explanation. -
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mesodude11 months, 1 week ago
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What I find humorous is that we often see that polite little note on the office vending machine announcing that the price of a bag of M is going up due to a surge in fuel prices but when "distribution costs" come back down, I've never seen prices decrease by that dime or so they were raised. Oh well...I'm sure the snack vending cos are just banking that extra money they're making now so they won't have to raise prices again when gas goes up again in another 6 months. Yeah...That's the ticket. I'm sure that's what they're planning to do. ;-P
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CHAM11 months, 1 week ago
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RedRiver. Yep. You got it. Greed. And it won't get any better until the world sinks with the load put on the backs of the people by the greedy few.
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Sounds like socialistic talk, but I don't mean it that way. I worked for a company before I retired that had told their workers at their most profitable facility that the company didn't make enough money to raise their wages that year.
That year their CEO received a bonus that exceeded the combined annual salaries of every employee at that most profitable facility.
Greed is the reason the Goose that laid the golden eggs was laid open. That ended the source of golden eggs,but the scheme seemed like a good idea to the greedy before the death of the goose.-
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nostalgia11 months, 1 week ago
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"Sounds like socialistic talk"
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That is exactly what the article is pointing out. The government is already involved in far too much and you are seeing the result
Remember hearing about out of control inflation in some countries?
What do you think is going to happen with all of this Federal money getting thrown around
The food prices we are seeing right now are nothing compared to what it is going to be
The article is right on the mark as far as home prices
Until they bottom out, we are not going to start to see the economy turn around
If people can't afford homes at the current prices without creative financing, what is going to change if the government contiues to prop up the prices?
All the government is doing will only make this recession longer and deeper
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Endoscopy11 months, 1 week ago
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The problem is that what the farmer gets for food has not gone up very much over the years. It is a very low margin business and has the family farms on the brink of going away. Only the very large farms are efficient enough to have a decent profit. It is everybody up the chain from the farmer. Every time someone else owns it the price goes up.
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Radiofreeeuropa11 months, 1 week ago
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willottica11 months, 1 week ago
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Endo, I believe that's just a symptom of a larger underlying problem.
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I disagree with the article.
I think food prices are lower than a free market would put them. The free market should make it impossible for food prices NOT to go up. If farming is unprofitable (and there are no subsidies) then fewer farmers will be in the business and the supply will fall below the demand. This would raise prices on food, and farmers could thus charge more and become profitable.
Because food prices are so low, labor can be kept at a lower minimum wage. If laborers don't earn enough to eat, they either refuse to work for such low wages or they die. Either way, the supply of labor goes down and the price of labor goes up (allowing willing laborers to earn more and buy food).
If you look at historic spending on food vs. shelter vs. luxury items, I think you'll find that food prices are very low historically. And since necessities are cheap, more can be kept in pseudo-slavery for less money, allowing the rich to afford more luxury items and never to have to worry about luxuries.
The article is right about one thing. The government has no right providing subsidies to agri-business and trying to determine which crops / how much the people want. This is what led to food shortages and the eventual downfall of the Soviet Union. -
RRconComment removed: Spammer, Hard Banned
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CHAM11 months, 1 week ago
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Mom and Pop farms are struggling. Mega farms are extremely profitable because of subsidies, something the Mom and Pop's don't get.
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Some things just don't ever change.
As to overproduction, there is enough good farm land in the United States to feed the world.
And it would be a lucrative business if it wasn't for the political corruptive intrusion into farming. -
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canadianrancher5711 months, 1 week ago
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When I look at the Farm subsities that are paid to American farmers I wish that the border was about 60 miles north of where it is now. One question I would like to ask all of those who read this is would you be happy to receive 1980 prices for your labor and yet be faced with 2008 costs. The boom in agriculture commodity prices has been very short lived and if there was any excess profit it seems to have been grabbed by those who supply the farm sector. The author of the artical should relize that most people in agriculture are competing on a world market and yet lving in a North American economy. I do have a solution to farm subsities that is very simple and although it is a socialist idea it is no more socialist that minimun wage. What they have to do is go away from a commodity based program and go to an income support program, the reason so many farmers quit is after all expenses are paid there is not enough left to support a family.
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I have read many comments here in regard to the greed factor and that is what I consider the main reason that food prices are still high, last spring the cost of getting a load of cattle to the packing house from my farm went from $3000 to $4000 and that was because of fuel costs, today it still remains at $4000. Not only are the consumers getting screwed but we as producers are still taking a hit as well. My biggest concern about food prices is for the future, the multinationals are basically killing family farms and even small corporate farms and eventually once control is gained the situation will be similiar to fuel. -
twincamdocsComment removed: Hard Banned
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4thchance11 months, 1 week ago
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From what I gather, the cost of food went up because of the cost of oil. It cost more to farm, process and transport food products. So, by rights, now that oil prices are falling so should the costs of food. BUT, I doubt we will ever see food prices drop, even if gas went to 50 cents a gallon and stayed there. The food industry is much like the oil industry. They know we can not get along with out food. They can place any price they want on food and we would be forced to pay that price. They have us by the gonads, just like oil has us by the gonads! It's just more American, rip off the people crap!
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CHAM11 months, 1 week ago
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Cajun. Love Chinese food - and Cajun food. Finally I guess I like all food. Be hard for me to boycott. I sure have to agree with you that the operative word is "Greed".
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When the price of milk for example went up at Wal-Mart from $2.80 to $ 4.80, it ostensibly was because of the rise in gas prices.
Since my sister-in-law owns a diary, I know for a fact that she didn't get any extra per pound for that milk after gas went up.
She did have to pay more for the feed ( gas prices you know ).
But for Wal-Mart to get an extra $2 per gallon when the very same number of gallons goes on the truck before and after gas increases, I smell something rotten. Since WM buys their milk from a local diary, seldom would they ever have to go more than 50 miles to the nearest WM Supercenter. So if the truck carries a 1000 gallons - well you get the picture.
The word ( smell ) is Greed - Cajun said it, I echo it.
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4thchance11 months, 1 week ago
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mntnman444Comment removed: Spammer, Hard Banned3 Replies
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coolrayfruge11 months, 1 week ago
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I was watching a program that was telling people they should grow their own food and make their own meals that its cheaper.
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This is so true.
We've become to dependent.
I find fresh grown vegatables is better tasting.
I'm learning to hunt my own live game!
I'm hooked on Elk meat.
Its alot leaner than beef.
Getting back to providing for myself like the pioneer settlers did.
I find its more rewarding and cheaper. -
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