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Perhaps the largest price pressure stemming from the processors and packagers (the intermediaries) in our food system is consolidation; that is, mergers and acquisitions. As we reported previously, Big Food’s consolidation often indirectly spells higher food prices as a result of a lack of competition in the marketplace. It’s predicted that the consolidation process will increase food prices, particularly in the meat processing and packaging industry; USA Today reported earlier this month that beef and veal prices are expected to rise 6% in the next few months, and around 3.5% this year overall.
“It’s bad anytime you have competitors going away,” Sheehan told CNBC. “There will be less incentive to lower prices in stores, and that can be harmful all around.”
originally posted by: tinker9917
a reply to: MRuss
I went to the meat aisle last week cause I'm running ourt of meat in my freezer (usually but a whole side of beef at a time from a local farmer) and ONE ribeye steak was $18! I about fell over...
You know, because of the California drought prices are going up. Because of all the EXCESSIVE rain through Texas, Colorado, Oklahoma, food crops are ruined. Prices will be going up.
We're in big trouble this next year or two (or more)!
“Control oil and you control nations; control food and you control the people.”
originally posted by: sprtpilot
Food stamps. 50 million people do not care what groceries cost because they are not paying the bill. So, of course, the food industry wants to soak up all those dollars.
Food stamps are enormously inflationary just as Government backed loans fuel the outrageous tuition inflation.
originally posted by: Sovaka
a reply to: tinker9917
If you want to see trouble... Look at the statistics for how much food the Western World throws out per year.
THAT is troubling.
originally posted by: MRuss
a reply to: tinker9917
But what I really wanted to get across tonight is that yes, the droughts and bad weather can certainly be a factor in rising prices. But you have to remember that food prices remained stable throughout much of modern history.
Weather aside, the real reason food prices are rising---the true and indisputable reason--is that BIG FOOD is buying up the intermediary companies----the middle men---and because of the lack of competition they can charge whatever they want.
I believe this is part of the big agenda of the NWO---to strike down the middle class---the heart and soul of America, and make conditions nearly impossible for most people to live.....
Why? So that we'll need them. So that we'll depend on big government for even the air that we breathe.
Our dependence on them is central to their plan.
Australia is ridiculously expensive for everything that matters
If you've been thinking the cost of life in Australia is killing you slowly, your instincts are correct. Australia has been listed as the most expensive country in the world for the fourth year in a row.
Deutsche Bank released its annual report, Mapping the World's Prices, which compares the cost of first-world essentials — iPhones, Levi's jeans, beer and cigarettes — in U.S. dollars in countries across the world. The U.S. ranks as the least expensive developed country. Yet, the gap between the U.S. and Australia has been narrowing.