by Lore » Thu 13 Jan 2011, 10:07:26
Is this the start of our food scarcity for the time to come? Couple this with higher energy prices for the foreseeable future and the year 2012 could be a ball busting pivot point for life on the planet.
Grain Prices Surge as U.S. Cuts Crop Estimates, Signal Tighter Food SupplyCorn and soybeans jumped to the highest prices since July 2008 and wheat rose after the government cut forecasts for U.S. inventories, signaling tighter food supply as demand increases and adverse weather hurts crops.
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“There’s no room for error anymore” on farms around the world, said Dan Basse, the president of AgResouce Co., a commodity consultant in Chicago. “With any weather issues, we’re going to make new all-time highs in corn and soybeans, and to a lesser degree, wheat futures.”
Drought ruined wheat fields in Russia last year and too much rain diminished supplies of the grain from Canada. Adverse weather led to a drop in 2010 corn production in the U.S. and a smaller harvest of soybeans than expected, government data show.
http://www.bloomberg.com/news/2011-01-1 ... tlook.html
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt