This morning I made pancakes. The price of wheat is around $6.11/bu. A bushel is equal to 149 cups. So $6.11 / 149 cups = $0.04 per cup. So if the price of wheat doubled with all other costs (marketing, packaging, processing, etc.) remaining the same, I would have paid $0.08 for the flour in my pancakes. I think almost everybody can afford that increase. I know its not that simple, there are other factors such as efficiencies and difference in weight of flour vs grain, etc. But for the sake of discussion, my point is the price of grain seems to me to have very little to do with the cost of food in the grocery store. The real increases in food comes from the middle men. As a kid I would see prices go up on the farm and up at the grocery store. But when prices went down on the farm, the prices didnt necessarily follow in the store. MHO is that if you doubled farm prices, it should not double, or anywhere close to to double, the price in the grocery store.
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Today's Featured Article - Museum Coverage: The Stuttgart Agricultural Museum - by Cindy Ladage. While cold wind was blowing back in Illinois, in Arkansas, daffodils were in bloom, and the Magnolia trees were adorned with fragrant blossoms. Stuttgart, Arkansas was the site of this year's winter Minneapolis Moline Collector's show February 25-27, 1999. The show was held at the Oliver Museum created by Don Oliver, the pioneer of the four wheel drive tractor. Oliver along with Gale Stroh and Kenneth Bull using Minneapolis Moline tractors and parts created what has become known as
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