My understanding is there is 5 cents of wheat in a loaf of bread.
A penny's worth of sugar in a cookie.
If prices of these crops doubled.....
Why should the price of bread or cookies also double?
Someone between me (the farmer) and you (which includes me) seems to be making a pretty handsome profit aside from the cost of the raw material?
These grain prices will hurt livestock producers. So much of their use is raw grain, price increases hurt.
Meat & milk have good reason to complain.
Baked goods & the like - most of what one pays is for middle processing, very little goes to raw materials. General Mills & the rest seem to have record profits every time grain goes up - they blame the farmer. Box of Wheaties goes up 25 cents, the 5 cents of wheat cost 7 cents now. Who made the other 23 cents?????? Hum.
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