Rabobank says “biblical” surge in food prices soon to come

The United States Department of Agriculture (USDA) says the United States is on track to maintain its current stocks of food based on an expectation of maximum acreage planted and healthy yields. However, Rabobank writers Michael Every and Michael Magdovitz disagree, warning that a crisis of “biblical” proportions could be on the way. Food and feed prices have increased … Continue reading Rabobank says “biblical” surge in food prices soon to come

Meat prices rise as food inflation worsens, pushing many Americans to a tipping point of food shortages

The coronavirus pandemic has severely tested global supply chains like no other event in recent world history, resulting in large shocks to both demand and supply. And it’s only about to get worse. According to a report from Bloomberg, hog, cattle and poultry raisers are struggling amidst the highest prices of corn and soybean that they have seen … Continue reading Meat prices rise as food inflation worsens, pushing many Americans to a tipping point of food shortages

Food prices will climb in 2021 as inflation accelerates

It was supposed to be 14 days, to flatten the curve. But now, nearly a year has passed since state governments first imposed economic controls and travel restrictions on small businesses and “non-essential” people. The repercussions of lock downs, medical tyranny and perpetual spending packages continue to have a ripple effect on the current economic … Continue reading Food prices will climb in 2021 as inflation accelerates

Venezuela enacts strict price controls amid coronavirus pandemic, basic goods now priced higher than minimum wages

Amid a continuing rise in coronavirus cases, as well as burgeoning hyperinflation, Venezuelan President Nicolas Maduro announced the return of strict price controls on basic goods in the South American country. Maduro made the announcement, which will affect over two dozen basic commodities, during a special broadcast aired by the country’s state-run television station. “I have given precise instructions … Continue reading Venezuela enacts strict price controls amid coronavirus pandemic, basic goods now priced higher than minimum wages

Coronavirus infections at meat plants are already leading to grocery shortages

As more workers test positive for the coronavirus (COVID-19) in meat plants across America, production has been slow even as some facilities reopen; this has resulted in a shortage that has some grocers rationing supplies. The shortage has also caused prices for beef and pork to jump by more than 20 percent, even after President Donald Trump’s … Continue reading Coronavirus infections at meat plants are already leading to grocery shortages