The Predictions- I wish they weren't coming true

 Yes, my hobby is to read everything on the internet about food production, food prices, food shortages, etc. for my ward calling as Relief Society preparedness specialist.  


The interesting thing, is that last year all my sources were predicting higher gas prices and higher food prices for this year.  And when I look around now, I am seeing higher gas prices and higher food prices.  


I am beginning to feel that it will all come true.  Especially when you add in the floods in Australia, the extreme cold in many parts of the world, the poor harvests in Russia and South America, the citrus crops freezing in Florida last week, etc.






Here is just the latest thing I have found, from the National Inflation Association:




http://inflation.us/top10predictions2011.html

Food inflation will become America's top crisis.

Prices of goods and services do not rise equally when governments create monetary inflation. Inflation gravitates most towards the items that Americans need the most and there is nothing that Americans need more to survive than food and agriculture. As the U.S. government prints money, the first thing Americans will spend it on is food. Americans can cut back on energy use by moving into a smaller home and carpooling to work. They can cut back on entertainment, travel, and other discretionary spending. However, Americans can never stop spending money on food.

The days of cheap food in America are coming to an end. The recent unprecedented rise that we have seen in agricultural commodity prices is showing no signs of letting up. In the past few days, sugar futures reached a new 30-year high, coffee futures reached a new 13-year high, orange juice futures reached a new 3-year high, corn futures reached a new 29-month high, soybean futures reached a new 27-month high, and palm oil futures reached a new 33-month high.

We estimate that it takes as long as six months for rising agricultural commodity prices to be felt by U.S. consumers in their local supermarket. Even if food producers and retailers accept substantially lower profit margins in 2011, we are still guaranteed to see double-digit across the board U.S. food inflation in the first half of the year. That is correct, let us repeat, NIA guarantees that Americans will see double-digit food inflation in the first half of 2011.

Please Please Please use your discretionary spending money right now to get your food storage!  It will be so much more expensive later!