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Food Prices Poised to Rise

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posted on Oct, 15 2009 @ 12:26 PM
link|main|dl3|link3| 2F15%2Fwhy-do-you-pay-so-much-for-these-foods%2F

The U.S. Department of Agriculture expects overall food prices to rise as much as 4 percent in the U.S. by the end of 2010. Yet, some economists think they could climb by as much as 5 percent.

Since that peak was hit, global food prices have retreated some 15%, meaning consumers are still paying about 45 percent more for food now than they were just two years ago. Bill Lapp, former chief economist at food giant ConAgra (CAG) and now president of Advanced Economic Solutions, a consulting firm in Omaha, Neb. that specializes in analysis of food costs, says at the peak of the global food crisis, food prices in the U.S. grew 6 percent. In 2010, he thinks they could jump 5 percent. Yikes.

Just some horrible economic news today combine this with other threads ive seen today on here:

its not looking good for us here in united states.

posted on Oct, 15 2009 @ 05:09 PM
There are a number of different reasons why food prices will rise inc
bad world wide weather reducing the amount of crops for sale. Increase in the human population pushing up the deman for food.
Reduced areas for farm land due to sustainable development - agenda 21 and in Europe set aside for farmers where they don't grow crops.Bees not pollinating crops, fish dying in the oceans, plankton being destroyed.

You also have the start of hyperinflation, which is currently masked as many non food items have been cut in the stores as people have cut back on spending due to the depression.

Things can only get worse.

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