Food inflation coming?
I wonder how the floods in the midwest will effect the prices of Corn, soybeans, wheat etc? Farmers have taken quite a hit there. I also wonder if the good ole Uncle S will remove the products that impact the inflation rate from the method used to calculate no to low inflation.
0
-
Food inflation is already in my markets. However, your point is real. Cost of food goods will rise even more with this sad situation in the nations breadbasket... 0 -
Trade War with the China will include Food War, too? Oh, my. I suppose this would be a good excuse to stop sending eats to the North Koreans. 0 -
We don't grow much rice any more LOLyoshmyster wrote:Trade War with the China will include Food War, too? Oh, my. I suppose this would be a good excuse to stop sending eats to the North Koreans.0 -
I don't see a big problem with prices going up, the U.S has a large surplus of grains in storage warehouses and silo's across the nation, enough for the whole world (yes we feed the world). Fertilizer spreading and spring planting will be the farmers biggest headache due to wet fields, even that's not a problem like in the past, most have 4x4 equipment now. 0 -
big problem ...gather u have never had a 4wd tractor stuck to the axles ????? 0 -
spasmcreek wrote:big problem ...gather u have never had a 4wd tractor stuck to the axles ?????
If you only knew
.......how about hitched up with some large equipment behind it too . It takes only 1 time my friend and a large wrecker bill. Hopefully they already know when it's dry enough to get to work 0 -
4x4 tractors are old news.
The latest and greatest are tractors on rubber tracks...will pull a hell of a load behind it.0 -
Fuel prices are going up, also. This will impact your grocery bill. 0 -
Here in flood central, they are doing field work/ anhydrous and or pot ash.
Huge mud pit a week ago. 40-50 mph winds, 45* weather with sunny skies = dry fields.0 -
From inside the agricultural industry: there is an expectation of higher than normal "prevented planting" reporting. The flooding in Ne, SD, Ia, and NW/mid MO will possibly affect a significant amount of corn that either won't get planted or will be replaced with soybeans. Heck, I'm seeing hundreds and hundreds of 2018 crop acres still not harvested.
To really understand the impact, one must consider that very little fall tillage or fertilizer application was completed due to late 2018 wet weather. Add in the fact that some serious field damage was done during harvest which will have to be dealt with prior to fertilizer/chemical application and/or planting. On top of this, in most cases, the flooded ground won't be as productive post flood vs a normal growing season.
I noticed a blip on the fall grain pricing today. We may sell some soybeans for November delivery soon.0 -
Mobuck farms? 0 -
"Mobuck farms?"
Proudly participating in production agriculture for 54 years and counting.0
Please sign in to leave a comment.
Comments
12 comments