Get Ready For Increased Food Prices In 2013

by ~ The Rebel ~ Posted 2012/09/22 04:38:30

Related Topics: Corn, Animals, Pigs, Pig, Food, South, America, Slaughter, Russia, Mass, Feed, 2013, Cattle, Record, Drought, US

Read More

Read all 7 opinions

The record US, and global, summer drought has come and gone but its aftereffects are only now going to be felt, at least according to a new Rabobank report, which asserts that food prices are about to soar by 15% or more following mass slaughter of farm animals which will cripple supply once the current inventory of meat is exhausted. From Sky News: “The worst drought in the US for almost a century, combined with droughts in South America and Russia, have hit the production of crops used in animal feed – such as corn and soybeans – especially hard, the report said. As a result farmers have begun slaughtering more pigs and cattle, temporarily increasing the meat supply – but causing a steep rise in the price of meat in the long-term as production slows. “Farmers producing meat are simply not making enough money at the moment because of the high cost of feed,” Nick Higgins, commodity analyst at Rabobank, told Sky News.

Striker 2012/09/22 04:48:31

+3
Yeah, prices went up a lot this past year, and next year will be worse. Yet our Rulers tell us we have no inflation! It's really simple, tho. When the value of money goes down, prices go up. Just wait a bit, until TheFed is forced to raise rates in order to unload the Fiat Debt. It'll get worse fast, not better.
>> See Replies

More polls by ~ The Rebel ~

MichaelJ 2012/09/22 06:00:36

+1
I believe food prices will be going up along with many other things. If the President is re-elected I think almost all commodities will see significant increases. I believe we should all do our civic duty, but of course we have one vote. The recent poles show the President is leading. After I do what I can for my country, casting my vote against the President, I will do what I can for my family and I urge anyone who wants to secure their family's future to consider doing the same. Buy gold my friends. Many believe that if the President is re-elected, gold prices are going to spike up immediately in response to a weaker dollar. If you wait until the election, you will most likely miss out on the increase in gold prices. If the President is defeated, gold prices aren't going to plunge, they will stay fairly close to where they are but his re-election, perhaps bad for the country will be an opportunity for a huge profit but only for those that buy BEFORE the election.

reply
☆The Rock☆ * AFCL* The Sher... 2012/09/22 04:57:09

+1
Yes and why did they not halt ethanol production while the drought was going on? Idiots!!

reply
~ The R... to ☆The Ro... 2012/09/22 05:01:34

+1
Think this is where that saying 'there's a method to their madness' applies...

reply
Striker 2012/09/22 04:48:31

+3
Yeah, prices went up a lot this past year, and next year will be worse. Yet our Rulers tell us we have no inflation! It's really simple, tho. When the value of money goes down, prices go up. Just wait a bit, until TheFed is forced to raise rates in order to unload the Fiat Debt. It'll get worse fast, not better.

reply
garyt212 2012/09/22 04:44:44

+2
And get ready for drastic increases in the cost of electricity as odumbo and the EPA shut down the coal industry that provides 50% of our electricity.

reply
~ The Rebel ~ 2012/09/22 04:39:55

+2
I could swear the prices have been going up and the packages have been getting smaller for quite a while...

reply
garyt212 to ~ The R... 2012/09/22 04:49:45

+2
It's all part of Obamas dream from his father to downsize America. In his global view we are the 1% of the world population that needs to be punished.

reply