Posted by JDseller on July 03, 2011 at 07:53:06 from (208.126.196.144):
In Reply to: crop report posted by Bob Bancroft on July 03, 2011 at 05:41:34:
The acreage jump in corn is based on fact if everywhere is like around here, North-east Iowa. I just pointed out to a friend yesterday a small barn lot, one acres or less that was planted into field corn. Not many of the CRP acres left around here either, all planted to corn too.
Food prices have gone up. Some things 20-30%. I am buying a lot of milk with the grand-son recovering plus my Youngest son living with us as he and his wife went back to college. It has went from $2.80 to $3.95 in the last 60 days. This is at the same store. We are going through 4-5 gallon each week. If you have to buy meat check out the price on beef and pork. It is up 40-50%.
I am not faulting the farmers that are raising the products. Higher feed cost have driven up cost. The higher fuel prices have driven up the production cost and transportation cost.
We humans do not eat much grain directly, based on total bushels, but many of our food products have processed grain products in them. Look at all of the things corn sweeteners are used in.
I like how the powers that be say we are not having inflation. OF course they removed food and energy from the calculations. Interest rates and inflation ARE going to boom. There is too much debt ,public and private. Many do not remember the late seventies and early eighties. We have been doing just about the same things now and are seemly shocked that we are getting the same results.
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