Looming Food Price Increases Hitting Americans This Fall: “People don’t realize what’s happening to them,” said Lynn “Bugsy” Allen, a Texas farmer. “They think it’s hard right now, you...

America 1 Loc: South Miami

“People don’t realize what’s happening to them,” said Lynn “Bugsy” Allen, a Texas farmer. “They think it’s hard right now, you give it until October.
Food prices are going to double.
The 8.8 percent rise in food prices Americans have already seen doesn’t take into account the dramatic cost increases farmers are now experiencing.
This is because farmers pay their costs upfront and only get them back at the point of sale, months later.
“Typically, what we see on the farm, the consumer doesn’t see for another 18 months,” said John Chester, a Tennessee corn, wheat, and soybean farmer.
But with the severity of these cost increases, consumers could feel the effects much sooner, particularly if the weather becomes a factor.

Lorenda Overman, a North Carolina farmer who raises hogs and grows corn, soybeans, and sweet potatoes, said rising fuel costs have put her farm in the red this year. “Nothing that consumers pay is going to close the gap for farmers right now,” she said. “The prices haven’t hit the grocery stores yet,” but she expects they will start to do so in late summer.
“They don’t have electric trucks that deliver that food and there are no electric tractors,” Allen said. “Diesel is needed to run all of this.”
Chester said fuel and fertilizer together make up 55 percent of his total costs. The price of diesel fuel has more than doubled, from $2.50 per gallon at the end of 2020 to more than $5 per gallon today. Farmers say the cost of fertilizer, an oil derivative, has tripled and in some cases quadrupled.

“When you look at the machinery that uses diesel, it’s farm equipment, railroads, and truckers,” said Daniel Turner, executive director of Power the Future, an energy advocacy group. Diesel “moves all our assets, grows our food. From cargo ships that arrive from abroad to trucks or trains that t***sport these goods throughout the country. All of those things now have additional costs that will be sent to the consumer.”
“That increase in food and energy costs is very destructive to demand in American households,” said Joseph Lavorgna, chief economist at Natixis, a European bank. “If you have to pay a lot more money for your food, to heat or cool your house, or to put gas in your car to get to work, there is less money available elsewhere.”
Gas and food price hikes will leave Americans with less money to spend on other goods, reducing demand and having a ripple effect on the broader economy.
Economic reports indicate that Americans can no longer keep up with inflation. Household savings fell at the lowest rate in 14 years as people struggle to maintain their standard of living. Credit card debt is reaching record levels, and retailers say they are bracing for more consumers to limit their spending to “basic essentials.”
One of the unique features of the current economic crisis is the extent to which it is driven by government action, as opposed to market failure.
This includes trillions of dollars in federal spending to prop up an economy reeling from draconian government lockdowns that now appear to have had little success in containing the c****av***s.
This expense was compounded by the fact that the Federal Reserve held interest rates close to zero while expanding its balance sheet to $9 trillion, flooding the United States with cash.
These problems were then exacerbated by the Biden administration’s new regulation of the economy and its antipathy towards the US f****l f**l industry, along with a Western boycott of Russian oil and fertilizer exports following the invasion.

On May 17, Sen. John Barrasso (R-Wy.) and other Republican Republicans introduced the ONSHORE Act, which would give states the power to manage oil and gas production on federal land within their borders. Simultaneously they introduced the Lease Now Act, which would require the Interior Department to resume the sale of oil and gas leases.
https://6park.news/mississippi/looming-food-price-increases-hitting-americans-this-fall.html

Airforceone

America 1 wrote:

“People don’t realize what’s happening to them,” said Lynn “Bugsy” Allen, a Texas farmer. “They think it’s hard right now, you give it until October.
Food prices are going to double.
The 8.8 percent rise in food prices Americans have already seen doesn’t take into account the dramatic cost increases farmers are now experiencing.
This is because farmers pay their costs upfront and only get them back at the point of sale, months later.
“Typically, what we see on the farm, the consumer doesn’t see for another 18 months,” said John Chester, a Tennessee corn, wheat, and soybean farmer.
But with the severity of these cost increases, consumers could feel the effects much sooner, particularly if the weather becomes a factor.

Lorenda Overman, a North Carolina farmer who raises hogs and grows corn, soybeans, and sweet potatoes, said rising fuel costs have put her farm in the red this year. “Nothing that consumers pay is going to close the gap for farmers right now,” she said. “The prices haven’t hit the grocery stores yet,” but she expects they will start to do so in late summer.
“They don’t have electric trucks that deliver that food and there are no electric tractors,” Allen said. “Diesel is needed to run all of this.”
Chester said fuel and fertilizer together make up 55 percent of his total costs. The price of diesel fuel has more than doubled, from $2.50 per gallon at the end of 2020 to more than $5 per gallon today. Farmers say the cost of fertilizer, an oil derivative, has tripled and in some cases quadrupled.

“When you look at the machinery that uses diesel, it’s farm equipment, railroads, and truckers,” said Daniel Turner, executive director of Power the Future, an energy advocacy group. Diesel “moves all our assets, grows our food. From cargo ships that arrive from abroad to trucks or trains that t***sport these goods throughout the country. All of those things now have additional costs that will be sent to the consumer.”
“That increase in food and energy costs is very destructive to demand in American households,” said Joseph Lavorgna, chief economist at Natixis, a European bank. “If you have to pay a lot more money for your food, to heat or cool your house, or to put gas in your car to get to work, there is less money available elsewhere.”
Gas and food price hikes will leave Americans with less money to spend on other goods, reducing demand and having a ripple effect on the broader economy.
Economic reports indicate that Americans can no longer keep up with inflation. Household savings fell at the lowest rate in 14 years as people struggle to maintain their standard of living. Credit card debt is reaching record levels, and retailers say they are bracing for more consumers to limit their spending to “basic essentials.”
One of the unique features of the current economic crisis is the extent to which it is driven by government action, as opposed to market failure.
This includes trillions of dollars in federal spending to prop up an economy reeling from draconian government lockdowns that now appear to have had little success in containing the c****av***s.
This expense was compounded by the fact that the Federal Reserve held interest rates close to zero while expanding its balance sheet to $9 trillion, flooding the United States with cash.
These problems were then exacerbated by the Biden administration’s new regulation of the economy and its antipathy towards the US f****l f**l industry, along with a Western boycott of Russian oil and fertilizer exports following the invasion.

On May 17, Sen. John Barrasso (R-Wy.) and other Republican Republicans introduced the ONSHORE Act, which would give states the power to manage oil and gas production on federal land within their borders. Simultaneously they introduced the Lease Now Act, which would require the Interior Department to resume the sale of oil and gas leases.
https://6park.news/mississippi/looming-food-price-increases-hitting-americans-this-fall.html

“People don’t realize what’s happening to them,” s... (show quote)

Still waiting on the Republican solution of rising prices but it’s typical just blame Biden and do nothing.

(Republican solution to rising prices just block all Biden solutions until we get the White House back for Trump)

microphor Loc: Home is TN

America 1 wrote:

“People don’t realize what’s happening to them,” said Lynn “Bugsy” Allen, a Texas farmer. “They think it’s hard right now, you give it until October.
Food prices are going to double.
The 8.8 percent rise in food prices Americans have already seen doesn’t take into account the dramatic cost increases farmers are now experiencing.
This is because farmers pay their costs upfront and only get them back at the point of sale, months later.
“Typically, what we see on the farm, the consumer doesn’t see for another 18 months,” said John Chester, a Tennessee corn, wheat, and soybean farmer.
But with the severity of these cost increases, consumers could feel the effects much sooner, particularly if the weather becomes a factor.

Lorenda Overman, a North Carolina farmer who raises hogs and grows corn, soybeans, and sweet potatoes, said rising fuel costs have put her farm in the red this year. “Nothing that consumers pay is going to close the gap for farmers right now,” she said. “The prices haven’t hit the grocery stores yet,” but she expects they will start to do so in late summer.
“They don’t have electric trucks that deliver that food and there are no electric tractors,” Allen said. “Diesel is needed to run all of this.”
Chester said fuel and fertilizer together make up 55 percent of his total costs. The price of diesel fuel has more than doubled, from $2.50 per gallon at the end of 2020 to more than $5 per gallon today. Farmers say the cost of fertilizer, an oil derivative, has tripled and in some cases quadrupled.

“When you look at the machinery that uses diesel, it’s farm equipment, railroads, and truckers,” said Daniel Turner, executive director of Power the Future, an energy advocacy group. Diesel “moves all our assets, grows our food. From cargo ships that arrive from abroad to trucks or trains that t***sport these goods throughout the country. All of those things now have additional costs that will be sent to the consumer.”
“That increase in food and energy costs is very destructive to demand in American households,” said Joseph Lavorgna, chief economist at Natixis, a European bank. “If you have to pay a lot more money for your food, to heat or cool your house, or to put gas in your car to get to work, there is less money available elsewhere.”
Gas and food price hikes will leave Americans with less money to spend on other goods, reducing demand and having a ripple effect on the broader economy.
Economic reports indicate that Americans can no longer keep up with inflation. Household savings fell at the lowest rate in 14 years as people struggle to maintain their standard of living. Credit card debt is reaching record levels, and retailers say they are bracing for more consumers to limit their spending to “basic essentials.”
One of the unique features of the current economic crisis is the extent to which it is driven by government action, as opposed to market failure.
This includes trillions of dollars in federal spending to prop up an economy reeling from draconian government lockdowns that now appear to have had little success in containing the c****av***s.
This expense was compounded by the fact that the Federal Reserve held interest rates close to zero while expanding its balance sheet to $9 trillion, flooding the United States with cash.
These problems were then exacerbated by the Biden administration’s new regulation of the economy and its antipathy towards the US f****l f**l industry, along with a Western boycott of Russian oil and fertilizer exports following the invasion.

On May 17, Sen. John Barrasso (R-Wy.) and other Republican Republicans introduced the ONSHORE Act, which would give states the power to manage oil and gas production on federal land within their borders. Simultaneously they introduced the Lease Now Act, which would require the Interior Department to resume the sale of oil and gas leases.
https://6park.news/mississippi/looming-food-price-increases-hitting-americans-this-fall.html

“People don’t realize what’s happening to them,” s... (show quote)

I absolutely would support "Sen. John Barrasso" Onshore Act!!!

permafrost Loc: Minnesota

Airforceone wrote:

Still waiting on the Republican solution of rising prices but it’s typical just blame Biden and do nothing.

(Republican solution to rising prices just block all Biden solutions until we get the White House back for Trump)

They are always eager to blaime someone but almost never have any idea for a solution..

permafrost Loc: Minnesota

microphor wrote:

I absolutely would support "Sen. John Barrasso" Onshore Act!!!

Gee, that is one of the worst ideas I have ever seen a politician make in public..

JFlorio Loc: Seminole Florida

Airforceone wrote:

Still waiting on the Republican solution of rising prices but it’s typical just blame Biden and do nothing.

(Republican solution to rising prices just block all Biden solutions until we get the White House back for Trump)

No sense trying to explain solutions to the i***ts that can't even figure out why inflation is so high. Hint; it's not corporate greed or price gauging.

JFlorio Loc: Seminole Florida

permafrost wrote:

They are always eager to blaime someone but almost never have any idea for a solution..

I see the compulsive lies from you never stop. Why you are such a worthless piece of trash. Kudlow, who worked in a democrat administration's is just one example. However; as i've said you cannot come up with a solution if you are too stupid to know why the problem exists. Many reasons and solutions have been given. You bunch of lemming liars just don't believe or understand them. In your case I imagine you really don't care.

permafrost Loc: Minnesota

JFlorio wrote:

I see the compulsive lies from you never stop. Why you are such a worthless piece of trash. Kudlow, who worked in a democrat administration's is just one example. However; as i've said you cannot come up with a solution if you are too stupid to know why the problem exists. Many reasons and solutions have been given. You bunch of lemming liars just don't believe or understand them. In your case I imagine you really don't care.

Did not see Kudlow name in the OP... what does he have to do with food production..

I like to eat.. so am very interested about any problem with having food at my house. At the moment we have heaps of it.. but everyone should be concerned with it becoming a problem . the CC and over population make it a near certainty.. the question is when and how..

microphor Loc: Home is TN

permafrost wrote:

Gee, that is one of the worst ideas I have ever seen a politician make in public..

Of course it is. If it's not in line with Demoncrat agenda, that will always be your response.

Airforceone

JFlorio wrote:

No sense trying to explain solutions to the i***ts that can't even figure out why inflation is so high. Hint; it's not corporate greed or price gauging.

Well enlighten us as to what Biden has done to raise prices.
All we get from republicans it’s Biden’s fault.

This all started when Biden in his first year put 24 million Americans back to work that were lost under Trump and a p******c. Also for one year 142 million working people stayed home due to the global p******c. Bank accounts went up and people around the globe had excess cash.
Supply was Down demand went up and corporate greed kicked in.
Biden sponsored legislation to stop corporate greed passed in the house and blocked by republicans in the senate. The republicans blocked all avenues to even debate a solution to high prices. Only because of one reason they had no solution so they did not even want to debate a solution.

So let’s debate the Republican solution other than to blame Biden for a problem he inherited.

So your answer is don’t debate how is that a solution.

The US went through a massive p******c not just the US but a global problem millions of jobs lost. We need Democrats and Republicans to work together to stop the corporate greed.

This is a global problem not just the US. Gas prices are up around the globe did Biden create global inflation.

So let’s hear your solution other than to blame Biden for putting 24 million Americans back to work that started great demand and supplies down and corporate greed kicked in. It’s not hard to understand what happened.

JFlorio Loc: Seminole Florida

Airforceone wrote:

Well enlighten us as to what Biden has done to rai... (show quote)

You aren't worthy of my opinion or education. Just the fact that you can't see what happened is enough. Dude I know who and what you were and are. We will debate face to face or never.

Bevvy

Airforceone wrote:

Well enlighten us as to what Biden has done to rai... (show quote)

If this is GREED , please inform us why it only started the day Biden took office

Airforceone

JFlorio wrote:

You aren't worthy of my opinion or education. Just the fact that you can't see what happened is enough. Dude I know who and what you were and are. We will debate face to face or never.

Well yes I know what happened it appears you don’t because you refuse to tell me how this happened and the Republican solution to not just US inflation but global inflation did Biden create a global p******c.

I just don’t understand how you can Blame Biden and not explain what he did. He put 24 million people back to work lost under Trump administration due to a global p******c. Demand went up, supplies were down, and corporate greed kicked in, and Republicans block all legislation to combat corporate greed. So where am I wrong.

JFlorio Loc: Seminole Florida

Airforceone wrote:

Well yes I know what happened it appears you don’t... (show quote)

Face to face chicken or go away!

Airforceone

Bevvy wrote:

If this is GREED , please inform us why it only started the day Biden took office

It had already started under Trumps last four months as we were coming out of the p******c. Don’t forget 28 million people lost there jobs under Trump due to a global
P******c.
I just don’t understand how you can’t look at the facts.
This is a global Problem not just the US did Biden create a global p******c, did Biden create global gas prices to go up, did Biden create global inflation, did Biden invade the Ukraine.
No it’s corporate greed around the globe and republicans in the house and senate refuse to debate and block all legislation to combat corporate greed and have no solutions other than to blame Biden.

So answer this question who raised gas price's and why, who prices on goods and services and why. You can’t blame Biden when around the globe we have the same problem. So what did Biden do.