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EU Polices on Farming will Create a Famine

 

The EU is indeed playing into our model which has been projecting this would be a commodity wave built on food shortages. They will indeed contribute to worldwide famine and they have been supported by Bill Gates which seems to actually play into his desire to reduce world population. Food prices will rise and the poor will be left starving. This will contribute to the rising civil unrest much as the food shortages led to the French Revolution.

Global Food Prices Rise As Famine Threat Emerges 

Food prices continue rising during the coronavirus pandemic, jeopardizing food security for tens of millions worldwide.

On Thursday, the Food and Agriculture Organization (FAO) of the United Nations said world food prices rose for the fourth consecutive month in September, led by surging prices for cereals and vegetable oils, reported Reuters.

FAO’s food price index, which tracks the international prices of the top traded food commodities (cereals, oilseeds, dairy products, meat, and sugar), averaged 97.9 in September versus a downwardly revised 95.9 in August.

FAO’s cereal price index jumped 5.1% in September and is 13.6% above its value one year earlier.

“Higher wheat price quotations led the increase, spurred by brisk trade activity amid concerns over production prospects in the southern hemisphere as well as dry conditions affecting winter wheat sowings around Europe,” FAO said.

Vegetable oil price soared 6% in September, over August prices, due to rising palm, sunflower seeds, and soy oil prices, hitting 8-month highs.

Dairy prices barely budged over the month, with moderate price increases for butter, cheese, and skim milk powder, offset by a decline in whole milk powder.

Sugar prices declined 2.6% over the month, mainly because of a global glut expected to persist through the 2021 season.

Meat prices slipped .9% on the month and were +9.4% year-on-year, with prices for pork slumping due to China’s ban on pork imports from Germany after several cases of African swine fever were recently found.

As outlined by The World Bank in September, rising food costs because of the virus pandemic have significant impacts on vulnerable households, many of which are being crushed into poverty and hunger.

“As the coronavirus crisis unfolds, disruptions in domestic food supply chains, other shocks affecting food production, and loss of incomes and remittances are creating strong tensions and food security risks in many countries,” The World Bank said. 

…click on the above link to read the rest of the article…

Food Shortages to Reduce the Population Brought to you by the COVID Triumvirate

This is a photo of the food line beside the Brooklyn Bridge approach in New York City that prevailed between 1930 and 1935. Never before in history have Americans had to cue in line for food since this orchestrated pandemic by Gates, Fauci, and Klaus Schwab of the World Economic Forum. Food prices are also rising because of this dynamic trio because they have deliberately shut down food production. Farmers have been unable to get their food to market because of the lockdowns and social distancing.

Today, there are food lines once again because of this dynamic trio, the COVID Triumvirate, composed of Gates, Fauci, & Schwab. Food lines have appeared around the country from Miami to New York City. Farmers were already being pushed into bankruptcies in 2019. That is only getting worse because this COVID Triumvirate also wants to end meat production to reduce CO2 (the World Economic Forum is pushing hard to end meat production).

A Taste Of What Is Coming – Food Prices Just Increased By The Most That We Have Seen Since 1974

A Taste Of What Is Coming – Food Prices Just Increased By The Most That We Have Seen Since 1974

Get ready to pay much more for groceries.  I have been warning that the flood of new money that the Federal Reserve and Congress have been pumping into the system would have very serious consequences, and I have also been warning that food prices would be shooting higher.  When things start getting really crazy, demand for food and other basic essentials goes way up, and meanwhile this pandemic has significantly disrupted production of certain products.  So even though most of the economy is currently still in a deflationary phase, food prices are beginning to spike.  In fact, the U.S. Labor Department says that we just witnessed the largest one month increase since February 1974

The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974. The spike in supermarket prices was broad based and impacted items from broccoli and ham to oatmeal and tuna.

The price of the meats, poultry, fish and eggs category rose 4.3%, fruits and vegetables climbed 1.5%, cereals and bakery products advanced 2.9%, and dairy goods gained 1.5%.

Sadly, this is just the beginning.

Prior to this pandemic, Americans spent about 10 percent of their incomes on food.

As this new economic depression deepens, expect that number to eventually more than double.

We live at a time when global food supplies are becoming increasing stressed for a variety of reasons.  In wealthy countries this is going to force food prices aggressively higher, and in poor countries this is going to mean that a lot of people simply will not have enough to eat.

…click on the above link to read the rest of the article…

Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse

Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse

Headline Consumer Prices fell 0.8% MoM – the biggest drop since 2008 – as soaring food inflation was dominated by plunging energy, apparel, and lodging costs…

But it was Core CPI, printing 0.4% MoM that made the headlines. That is the biggest monthly decline since records began in 1961…

Under the hood, the changes were dramatic to say the least…

A 20.6-percent decline in the gasoline index was the largest contributor to the monthly decrease in the seasonally adjusted all items index, but the indexes for apparel, motor vehicle insurance, airline fares, and lodging away from home all fell sharply as well.

Goods deflation is accelerating as Services inflation is slumping…

In contrast, food indexes rose in April, with the index for food at home posting its largest monthly increase since February 1974.

Shelter Inflation up only 2.61%, down from 3.01% in March, and the lowest since Feb 2014. Rent inflation up 3.49%, down from 3.67% in March but lowest only since Jan 2019.

Given the near total lockdown of the US, we do question just how “real” this data is (and the fact that rent strikes, mortgage forbearance, food banks, UBI, PPP, and you name the acronym have distorted all the inputs).

Record Low Temps Up To 50 Degrees Below Normal Threaten To Absolutely Wreck The Rest Of The Harvest Season

Record Low Temps Up To 50 Degrees Below Normal Threaten To Absolutely Wreck The Rest Of The Harvest Season

It isn’t supposed to be this cold in October.  The official start of winter is still almost two months away, and yet the weather in much of the western half of the country right now resembles what we might expect in mid-January.  All-time record lows for the month of October are being set in city after city, and this extremely cold air is going to push into the Midwest by the end of the week.  Temperatures in the heartland will be up to 50 degrees below normal, and unfortunately about half of all corn still has not been harvested.  Due to unprecedented rainfall and extreme flooding early in the year, many farmers faced extraordinary delays in getting their crops planted, and so they were hoping that good weather at the end of the season would provide time for the crops to fully mature and be harvested.  Unfortunately, a nightmare scenario has materialized instead.  A couple of monster snow storms have already roared through the Midwest, and now record low temperatures threaten to absolutely wreck the rest of the harvest season.

When temperatures get significantly below zero for more than a few hours, scientists tell us that it will kill standing corn

A significant freeze (28°F or colder for a few hours) will kill the whole plant, and any frost will act to defoliate plants, resulting in diminished grain filling for the seeds, especially on the upper half of the plants.

And right now we are facing a crisis because less than half of all U.S. corn has been harvested.

In fact, according to the latest USDA Crop Progress Report just 41 percent of all U.S. corn has been harvested so far…

 …click on the above link to read the rest of the article…

Global Authorities Brace For A Worldwide Protein Shortage As “One-Quarter Of Earth’s Pigs Have Been Wiped Out”

Global Authorities Brace For A Worldwide Protein Shortage As “One-Quarter Of Earth’s Pigs Have Been Wiped Out”

African Swine Fever is killing millions upon millions of pigs all over the world, and this threatens to create a crippling global shortage of protein as we head into 2020.  This epidemic began in China last year, and it is now also running wild in North Korea, Vietnam, Laos, Cambodia, Myanmar and the Philippines.  But this crisis is certainly not limited to Asia.  According to the Washington Post, so far in 2019 there have also been outbreaks “in Belgium, Bulgaria, Hungary, Latvia, Poland, Romania, Russia and Ukraine.”  Overall, cases of African Swine Fever have been documented “in nearly 50 nations”, and U.S. pork producers are extremely concerned that it could start spreading here too.

African Swine Fever is extremely contagious, there is no vaccine, and there is no cure.  Once it starts spreading in a certain area, there isn’t much that can be done “other than culling herds and loading carcasses into hazardous waste sites”.  Literally, we are talking about an unstoppable global plague that is an existential threat to our food supply.  Of course many of us don’t eat pork, but there will also be an immense strain on supplies of beef and chicken as those that eat pork are forced to turn to other alternatives.  This is an exceedingly serious situation, and with each month it is just getting worse.

China is the epicenter for this crisis, and CNN is reporting that the Chinese herd has “shrunk by around 130 million” since this epidemic first began last year…

 …click on the above link to read the rest of the article…

ANOTHER “Bomb Cyclone” Will Bring More Flooding To Parts Of The Midwest That Were Hit By A “1,000 Year Flood” Last Month

ANOTHER “Bomb Cyclone” Will Bring More Flooding To Parts Of The Midwest That Were Hit By A “1,000 Year Flood” Last Month

Less than a month after a “bomb cyclone” caused a “1,000 year flood” in the middle portion of the country, another “bomb cyclone” of similar strength is going to bring even more flooding to the High Plains and Upper Midwest.  According to meteorologists, it is being projected that this new “bomb cyclone” will be “similar in intensity and in snowfall” to the last one, and the latest forecast is calling for “more than 30 inches in some areas”.  The floods that we witnessed last month absolutely devastated communities throughout the region, and now it is going to happen again.  The middle part of our nation has literally never seen anything like this happen ever before, and this is easily the worst natural disaster to hit the United States since Hurricane Katrina.

Before I get into the details of the latest weather forecast, let’s review what we have witnessed so far.  “At least 1 million acres of U.S. farmland” were under water for at least 7 days last month, according to Agriculture Secretary Sunny Purdue “as many as a million calves” were lost in the flooding in the state of Nebraska alone, and hundreds of millions of dollars worth of crops were destroyed.  Thousands upon thousands of farmers were financially ruined, and thousands of farmers will not be able to plant any crops at all this year.

If you can point out a worse agricultural disaster in the last 50 years in the United States, please feel free to do so.  To my knowledge, there isn’t one.

And now a second “bomb cyclone” is on the way this week.  According to CBS News, it looks like this “bomb cyclone” will produce “a blizzard of epic proportions”…

 …click on the above link to read the rest of the article…

100s Of Millions Of Dollars In Crops Destroyed By Flooding, And Farmers Are Being Told “There’s Nothing The U.S. Government Can Do To Help”

100s Of Millions Of Dollars In Crops Destroyed By Flooding, And Farmers Are Being Told “There’s Nothing The U.S. Government Can Do To Help”

This is the worst economic disaster for U.S. farmers in modern American history.  Our ongoing trade war with China had greatly depressed prices for wheat, corn and soybeans, and so farmers were storing more crops on their farms than ever before in early 2019.  And then the floods came.  The water moved so fast that the vast majority of the farmers in the affected areas could not have moved what they had stored even if they wanted to, and the scale of the losses that these farmers have suffered is starting to become clearer.  According to UPI, “hundreds of millions of dollars in crops” that were destroyed by the flooding were not covered by insurance…

Hundreds of millions of dollars in crops destroyed in Midwestern floods this month were not insured, farmers say. And the losses could leave many without sufficient income to continue farming.

“This uninsured grain issue is really starting to affect people,” said Jeff Jorgenson, a western Iowa corn and soy grower whose farm flooded when the Missouri River spilled over its banks March 12.

Without an extraordinary amount of assistance, there are thousands of farmers that will never be able to come back from this.

One fifth-generation farmer that was interviewed by Fox News said that about 7 million dollars worth of grain was destroyed in his county alone…

Dustin Sheldon, a fifth-generation grain and soybean farmer, watched in horror as the floods that devastated the Midwest began to recede and he could assess the damage to his crops.

He said the record-breaking floods caused about $1 million in losses for his family farm.

 …click on the above link to read the rest of the article…

“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months

“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months

According to Agriculture Secretary Sunny Purdue, there “may be as many as a million calves lost in Nebraska” due to the catastrophic flooding that has hit the state.  This is not a rumor, this is not an exaggeration, and this is not based on any sort of speculation.  This number comes to us directly from the top agriculture official in the entire country, and it means that the economic toll from the recent floods is far greater than most of us had anticipated.  You can watch Purdue make this quote on Fox Business right here, and it is important to remember that this number is just for one state.  It is hard to imagine what the final numbers will look like when the livestock losses for all of the states affected by the flooding are tallied up.  This is already the worst agricultural disaster in modern American history, and the National Weather Service is telling us that there will be more catastrophic flooding throughout the middle portion of the nation for the next two months.

Nebraska Governor Pete Ricketts says that this is the worst flooding that his state has ever experienced.  Ricketts originally told us that 65 out of the 93 counties in his state have declared a state of emergency, but that number has now risen to 74.  Hundreds of millions of dollars of damage has been done in his state alone, and that is just an initial estimate.

It deeply offends me that the big mainstream news channels have spent so little time covering this disaster.  This is the biggest news story of 2019 so far by a very wide margin, but because it happened in the middle of the country they are not giving it the attention that it deserves.

 …click on the above link to read the rest of the article…

200 Million People At Risk: National Weather Service Warns Apocalyptic Midwest Floods Are “A Preview Of What We Expect Throughout The Rest Of The Spring”

200 Million People At Risk: National Weather Service Warns Apocalyptic Midwest Floods Are “A Preview Of What We Expect Throughout The Rest Of The Spring”

The flooding that just struck the middle part of the country was the worst blow to U.S. farmers in decades, but now the National Weather Service is telling us that it was just “a preview of what we expect throughout the rest of the spring”.  Can that possibly be true?  After the immense devastation that we have already witnessed, how much worse can the flooding possibly get?  Already we have seen thousands of homes and farms be completely destroyed, and we are being told that the total economic damage is in the billions of dollars.  Sadly, the truth is that a lot worse is still yet to come.  Thanks to a very snowy winter, a massive amount of snow is going to melt during the next several weeks, and that alone would produce tremendous flooding.  But on top of all of that melting snow, forecasters are telling us that it will be a very rainy spring.  In fact, the Weather Channel is warning that there will be “above-average precipitation across much of the Lower 48” over the next three months, and one meteorologist is forecasting that it is “not looking like we are going to see any dry stretches anytime soon”.  And this is on top of all of the very heavy rainfall that has been falling in recent weeks.  At this point, the Mississippi River basin has already gotten “three times as much rainfall as in a normal year”.

Even without any additional flooding, U.S. food production would be way down this year.  The recent flooding is going to keep thousands of farmers from planting crops on time, and thousands of others are not going to be able to use their fields at all.

 …click on the above link to read the rest of the article…

Government Warns Of Historic, Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed

Government Warns Of Historic, Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed

We have never seen catastrophic flooding like this, and the NOAA is now telling us that there will be more major flooding for at least two more months.  On Thursday, the National Oceanic and Atmospheric Administration warned that “historic, widespread flooding” would “continue through May”.  More than 90 percent of the upper Midwest and Great Plains is currently covered by an average of 10.7 inches of snow, and all of that snow is starting to melt.  That means that we are going to transition from one of the worst winters in modern history to a flood season that has already taken an apocalyptic turn for farmers all across America.  At this moment, millions of acres of farmland are already underwater.  Thousands of farmers are not going to be able to plant crops this year, and thousands of other farmers that have been financially ruined by the floods will never return to farming again.  This is already the worst agricultural disaster in modern American history, and it is going to get a whole lot worse.

I posted an article about this crisis yesterday, and I am troubled by the fact that most Americans don’t seem to understand the gravity of what we are facing.

Millions of bushels of wheat, corn and soybeans have been destroyed by flood waters, hundreds of millions of dollars worth of livestock have been lost, and all of us will soon be feeling a lot more pain at the grocery store.

And this would be a complete and utter national nightmare even if the flooding was all over, but the NOAA just told us that we should expect more catastrophic flooding for the next two months

 …click on the above link to read the rest of the article…

Catastrophic Flooding In The Midwest Could Last “For Months”, And That Is Going To Mean A Dramatic Drop In U.S. Food Production

Catastrophic Flooding In The Midwest Could Last “For Months”, And That Is Going To Mean A Dramatic Drop In U.S. Food Production

The worst flooding disaster in the history of the Midwest is just getting started, and as this crisis unfolds we are all going to be feeling the pain.  The “bomb cyclone” that recently brought hurricane-force winds and blizzard conditions to the middle of the nation was the spark that set off this catastrophic flooding, and now all of the snow from one of the snowiest winters in decades is going to be feeding into rivers that have already shattered all-time flood records.  As you will see below, most of the Great Plains and Upper Midwest is currently covered by more than 10 inches of snow, and all of that water has to go somewhere.  As all of that snow melts, we are going to witness an agricultural disaster that is far beyond anything that we have ever seen before in modern American history.

If you think that I am exaggerating even a little bit, please read this article all the way to the end.

As I did research for this article, I was floored by the immense devastation that has already taken place.  But if the crisis was over, at least farmers could start picking up the pieces.

Unfortunately, the crisis is not over.  In fact, Iowa Governor Kim Reynolds is saying that we are “just getting started”.  The following comes from a USA Today article entitled “‘It looked like an ocean’: Severe Midwest flooding could last all spring”

Gov. Kim Reynolds is warning Iowans what millions of Midwesterners have come to understand in recent days – the severe flooding that has swamped much of the regionmay be a long way from over.

 …click on the above link to read the rest of the article…

Food: What’s In Your Basket? How Fast Are Prices Rising?

The BLS says the CPI rose 2.1% in December from a year ago. Food rose 1.6%. I called the BLS and filled in some numbers.

In CPI Up 0.1 Percent: How Much is the CPI Understated? I disputed the BLS’s year-over-year overall inflation figure of 2.1%, specifically citing housing and the cost of health insurance.

I found the reported food increase reasonable, others didn’t. Whether or not you find the food index believable depends on two things.

  1. What you buy
  2. How you shop

Reader AWC pointed out this BLS article from March of 2017: Prices for meats, poultry, fish, and eggs down 7 percent since August 2015 peak.​

I downloaded the data and started plugging in numbers for December 2017. The index numbers did not match, so I called the BLS. The person directed me to data downloads which I also found on my own. I still could not match the downloaded numbers.

What happened is the data for the the preceding chart was indexed to 2007 but the main index is to 1982.

I asked the BLS agent for year-over-year increases of items and the percentages matched.

CPI Select Food Items

I calculated all but the last row from the March article after verifying percentages with the BLS. The last row was read to me over the phone.

I created the main graph from the above chart.

How Do You Shop?

​Your percentages may vary substantially from the above chart.

Mine are cheaper because I buy items on sale and freeze them. Sale prices fluctuate less than non-sale prices.

Properly wrapped food will last a year or more.

…click on the above link to read the rest of the article…

Potash Price Surge Could Lead To Higher Food Costs For Billions

Potash Price Surge Could Lead To Higher Food Costs For Billions

 

Crops

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.

If you can add 200,000 people every day to the global population and account for a significant loss of farmland at the same time, you can begin to understand the dire food situation facing the planet. This is why potash is so important: It’s the fundamental element that everyone takes for granted, despite the fact that a projected 7.7 billion lives will depend upon it by 2020.

No commodity is more fundamental than potash—and there is a lot of pressure riding on an element that many people aren’t even familiar with. Of the key commodities taken for granted, potash is on the top of the list.

The challenge for farmers—and for the world—is to increase crop yields on less land, which is being lost to climate change and increasing urbanization. This means not only steady demand for the three main elements of fertilizer—potash, phosphate and nitrogen—but significantly higher demand.

“A growing population needing to be fed from a limited amount of arable land makes fertilizer and particularly potash a robust commodity,” Potash RidgePresident and CEO Guy Bentinck told Oilprice.com. “Additionally, as the middle class grows, the demand for higher-end food increases, and with that the demand for potash and related fertilizers increases.”

For such a critical element, it’s hard to believe that potash remains so elusive. It took a high-profile US$40-billion hostile takeover attempt of Saskatchewan’s Potash Corp., which failed, by major miner BHP Billiton in 2010 for even the Wall Street Journal to decide to figure out what all the fuss was about.

…click on the above link to read the rest of the article…

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