roamer65
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:02 PM
Original message |
Wheat rises to a record $9 a bushel. |
|
Source: BloombergBread for the masses is about to get a lot more expensive. Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a9Sx0dNOkyZs&refer=home
|
inanna
(672 posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:12 PM
Response to Original message |
1. My daughter was watching a news report.... |
|
on this about a week ago. She told me bread prices were going to rise. I think this is important.
Recommended.
|
CHIMO
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:17 PM
Response to Original message |
|
Edited on Tue Sep-11-07 08:22 PM by CHIMO
I believe it is over a hundred year high.
But we gotta have gas for our vehicles. Meat and every other food will rise on this basic food.
|
Lone_Star_Dem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:22 PM
Response to Original message |
3. This is bad news for all of us |
|
As if the prices of everything else hasn't already raised enough.
|
jedr
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:28 PM
Response to Original message |
4. when you're complaining about the farmer; |
|
Don't do it with your mouth full.....the other side of that coin is that farmers haven't made money in years. If you feel that food is becoming expensive, think what it will be like with only corporate farms and food from China. Energy prices are going to effect EVERYTHING and the answer is not letting the oil companies go on with unbridled greed. The spike in grain prices should not last past next summer( as farmers tend to over produce) and until we find alternative energy sources ( fertilizer and fuel) this will continue. Ethanol is not a magic bullet, just a transition. I'm not flaming your post, just opening a discussion.
|
roamer65
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:33 PM
Response to Reply #4 |
5. Simply reporting the news. |
HereSince1628
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 09:11 PM
Response to Reply #4 |
7. I expect farmers will be paying record prices for seed, this is gonna |
|
hurt all the way around. As inflation from food and energy work their way through the market farmers will get hit just as hard as everyone else. The system has family farmers on the bottom and will work damned hard to keep them there.
Does anyone really think health care administrators, brain surgeons, or even phlebotomists let farmers move a couple tenths of a percent closer to them in earnings?
|
CatholicEdHead
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 10:41 PM
Response to Reply #4 |
9. Farmer still gets screwed |
|
Higher prices but the middlemen will still raise the rates for finished products even more and not pass anything down.
|
KansDem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 08:50 PM
Response to Reply #9 |
19. "The Farmer is the Man" |
|
The farmer comes to town with his wagon broken down The farmer is the man who feeds us all If you'd only look and see I know you will agree That the farmer is the man who feeds us all Yeah the farmer is the man The farmer is a man Buys on his credit till the fall Then they take him by the hand and they lead him from his land And the merchant he's the man who gits it all
The banker says he's broke the grocer's up in smoke They forget that it's farmer feeds us all If we'd put them to the test if the farmer took a rest Then they'd know that it's the farmer feeds us all Yeah the farmer is the man The farmer is the man Lives on his credit until Fall Well his pants're wearin' thin his condition it's a sin Because the taxes on the farmer feeds us all I said the farmer is the man The farmer is the man The farmer is the man who feeds us all
My wife grew up on a farm and loves it everytime I sing this...:)
|
Buzz Clik
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 08:36 PM
Response to Original message |
6. Ah -- the drought in Oz. |
hatrack
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 08:19 AM
Response to Reply #6 |
16. And the drought in the Ukraine, which banned exports earlier this year . . . |
|
And the drought in Italy and Greece, though they're only major grain players within the EU, and way, way too much rain in N/W France, which cut their crop, and way too much corn planted here . . .
|
nealmhughes
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 10:32 PM
Response to Original message |
8. Think I'll buy a whole bunch of flour grocery day this week. . . |
Lone_Star_Dem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 11:27 PM
Response to Reply #8 |
12. If you can store it, that's not a bad idea. |
|
I bake my own bread and am planning on buying and storing multiple pounds of flour tomorrow.
Every little bit helps, don't you know.
|
UncleSepp
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 10:59 PM
Response to Original message |
|
The staples are rising. The basics are being threatened.
|
superkia
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-11-07 11:18 PM
Response to Original message |
11. The wealthy are running everyone else into the ground. |
|
Wait until it gets so bad that anarchy breaks out and they too see what it does to people! That is if martial doesn't keep the average guy locked in his house somewhere or dead.
|
IndianaGreen
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 01:16 AM
Response to Original message |
13. Thank you ethanol whores for the rising food prices and the famine to follow |
|
As more food crops are diverted to the more profitable biofuels, the price of feed and food will rise. In the Third World, this will lead to famine, as food becomes prohibitively expensive.
|
entanglement
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 07:46 AM
Response to Reply #13 |
15. We're staring down the barrel of a global agricultural crisis, but the elites couldn't care less |
saigon68
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 08:38 AM
Response to Reply #13 |
17. That's OK --- those mouths are only Black and Brown |
intaglio
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 03:31 AM
Response to Original message |
14. Doesn't worry us in Europe or UK |
|
1$=0.72 Euros 1$=£0.49 (thats 49 pence)
and 1$=1.04 Canadian Dollars
I think Bush is going for a perfect 10
Constitution Destroyed - check Congress Neutered - check Judiciary Subverted - check Department of Justice Controlled - check National Debt, largest ever and rising - check Dollar devalued - in practice, check Destroyed US city - check Environment Ruined - check, tipping point well past Election subverted - check (2)
He is only missing in one area Military Destroyed - partially, could do worse
so 9.5 out of 10 = Worst President Ever
|
AwakeAtLast
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 08:36 PM
Response to Original message |
18. Part of the reason is because in some areas, the wheat crop was a disaster |
|
Edited on Wed Sep-12-07 08:36 PM by WakeMeUp
Less supply, higher price. In Southern IL and IN, a lot of farmers simply plowed their wheat into the ground. The drought in some of those areas haven't helped much either.
edit: corrected a word
|
hatrack
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Sep-12-07 09:09 PM
Response to Original message |
20. Gosh, if inflation existed, this might become a problem! |
|
Good thing there isn't any inflation, huh?
I know there isn't, because Lawrence :silly: Kudlow said so the other night on the tee-vee.
|
DU
AdBot (1000+ posts) |
Sun May 05th 2024, 02:45 AM
Response to Original message |