Topic: Food Prices Are Soaring Faster Than Inflation and Incomes - page 2. (Read 438 times)

While I agree that a politician that really cared about the people will be able to help in these difficult circumstances things are never really that simple, an increase in minimum wages may seem like the perfect solution for our problems but it is not true, if you raise minimum wages without an increase in production what business people are going to do is to fire people until they can get their costs under control and basically force the rest that still keep their jobs to work harder and longer for that pay.

Printing more money as many governments are doing is not a solution either because this is the main cause for inflation which is making food more expensive for the average person, so as you can see there is not an easy way out for our current economic problems.

In my nation meat started to cost so much that people are basically just stopped eating it, that's not a healthy situation, I know UK for example has cheap meat, but the prices of regular veggies started to get horrible there as well, that seemed a bit weird.

I do not know what people are thinking about when they are doing something like this, governments needs to intervene but I have seen people who keep food stored to get the prices up in order to sell at a better price as well, that's horrible to hear. Long story short each nation has some food that is very expensive for them, for mine veggies are nearly free type of cheap but meat is basically gone out of discussion, for UK meat is very cheap, you can get a nice steak for 2 pounds, but a potato salad would cost you 10 pounds, that makes no sense, and all of that should be dropped in all nations, food should be human right.

A good idea to develop a Crypto project, it is undoubtedly an option that can be controlled by Blockchain, now, vegetables, fruits, especially there are avocado trees that grow small and give very good harvests, you can also improvise a small cage and put a hen and a rooster in, they have eggs that are a good source of protein and at the same time they can take chicks.

This can be carried out by automated control, not only with a PLC or with a microprocessor, but also in Blockchain to program it and to do cleaning tasks to the cage and to place their food, thus guaranteeing hygiene and food for human consumption.

Precisely.
When this pandemic started I already told my wife that we can save some money if we could plant vegetables in our little garden.
And we did.
Chilis, tomato, and other small plants that don't really need a huge land to bring fruits/vegetables.
We actually notice it right now. Months ago chilis had been like a rare item and its price went up. Damn expensive to afford and my neighbors are talking about how overpriced it was. Thankfully, our plants already had produced so we are saving a hell of money.

I have no idea how it can be connected to crypto but if there is a chance then why not.

Well, can anyone say they're surprised? The food prices can be explained due to the supply chain issues, but that's just temporary. The bigger discussion should be on inflation because printing money and massive spending basically props up an economy while the real effects will come in 3-4 years from now. When the US hands out unconditional checks and makes everyone in the middle and lower class 1,400 dollars richer, no one gets richer. You reduce the purchasing power because EVERYTHING will increase in price, not just food.

Too much is not good at all and seriously, we can't stop the inflation even the deflation, the government has to do something about this one. The goal of every government is to make the inflation move slowly, because there's no way to stop it from growing but we can slow it considering all the economic variable.

The Covid19 is just one of the reason why the inflation is increasing, this is why we have to help ourselves as well and do some good investments that can double your money, don't just put it on a savings account with banks spend it.

Japan experiences deflation which is also bad because that means that there is no growth in the economy, being stagnant in between inflation and deflation is the ideal thing for a country to achieve, I don't know much about the income and food prices there but I have read an article that they are experiencing deflation.

Is there any country this isn't happening to?

Agricultural production in most developed countries hasn't been harmed significantly, this is no longer a medieval industry with thousands of people going out of the fields, one tractor usually does the job alone for an entire community. The only thing that was somewhat disturbed was fruit picking like strawberries and other small fuirts which is done by hand but those are not essential products, the staple food production was safe.


Factories, while they might seem huge, are using tiny amounts of land compared to agriculture for example one of the biggest Ford factories covers 2.0 km2, which's nothing, and remember that there will be empty space left from where those factories have moved.


Why should the government buy your vegetables?
Made me a bit curious about how things work in your country, whichever this one is!



The issue is not with production and not with transporting food.
I'm quite amazed why people don't realize what the main effect of this lockdown was, it changed consumer habits!

Just in my town, for example, everyone was rushing to work, grabbing a pretzel to eat on the subway, a slice of pie or of pizza, that was all gone. Now all of that flour, all that cheese everything had to be re-routed as people were eating their breakfast at home and, they would eat something else, like milk and cereals or salami. And you can't turn pretzel's ingredients into a bologna sandwich!

And this was just the tip, restaurants had to close, and people would simply stop eating that stuff as they couldn't prepare it at home, so the logistic had to change again. Less cheese packed in 10kg bags, more salami for home, less flour for bakeries, more for frozen food. How many people that would eat squid in a restaurant would prepare it at home? All that coffee that was sold at 1 euro on automated vendors packed in caps had to suddenly change to half of kilos packs for home consumption till everyone could get their own espresso maker at home.

A lot had to change, a lot, and the problem is that once it changed so drastically it will take a while to go back again, and by the time the chain is back on track some of the links might file for bankruptcy!

Commodity prices are rising, albeit slowly. Oil prices have increased from $40 per barrel to more than $60 per barrel (and that happened after the crash in April-May 2020). The impact of inflation is slowly being visible, and I won't be surprised if that causes the food prices to rise. But in my country so far I am not witnessing any large scale increase in food prices, other than the routine fluctuations. 

this is not all about the pandemic, companies raising costs, etc. but if you ask me this is mostly about showing how fiat money is being evaluated slowly but surely. don't forget that governments all around the world have been printing money like maniacs during the pandemic and over the past 2 years. that has to show itself somewhere.

The world has more money and everything that matters to human life becomes more scarce, for example, food, land ... Maybe we are in a new Supercycle.
Currently, there are many countries with food prices rising and they cannot have enough income to buy food for their families. I think this situation will be more terrible in the coming years if the governments do not have policies to regulate this problem.

The main reason behind this is the Supply and Demand. In this time of pandemic, man power of planting enough food is limited, animals are getting diseases too, that's why mostly meat products are limited as well. In that case, the price hikes up. Here in our country, farmers are always being neglected, the vegetables they harvested are always ended up in the garbage cans because our Government is not buying it and will say that the supply of vegetables is not enough, funny as hell.

Obviously as a result of this pandemic's impact on all areas of life, especially with the basic foodstuff rising, more unemployment, where many of the little traders are out of business, and in addition, life has to be sustained. we have to make a living, as it possibly is Interconnected between the two and there may be more we hope this situation is fleeting and it may take time for the economy to recover if this pandemic does not end will be difficult to make it happen

I have a lot of questions and complicated thoughts about agriculture in the future. First, after stabilizing the disease situation, we need to return to production work. However, the influences from the trade war and the economy between the US and China have been affecting the whole world economy. And I have heard that factories in China will be relocated to other regional countries, it is an opportunity for the surrounding countries and can take advantage of this to develop the country. However, where will the land to build new factories come from? I firmly believe that agricultural land is available. A trend of turning agricultural land into an industrial place is not too strange to developing countries, and this is intangible as losing food production, I think next time will there are a lot of problems from the post-pandemic that need to be solved, not just restoring the world economy, but I think the global food problem is also very serious.

There is not much issues in transporting agricultural produce from one country to another. From what I have heard, cargo transport is back to the pre-pandemic levels. The issue may be with local logistics (i.e transporting the products from villages to the cities, and then to the ports). At least in some countries, the lockdowns have been re-imposed due to the second and third waves of the COVID 19 pandemic.

I think it's a good idea, to create a system where we can artificially grow crops without relying on climate and weather, since those are dynamic and getting worse everyday because of us only. Should rely on technology more, am optimistic about it, if humanity can send rovers on Mars, cars into space, surely we can create an independent food production system as well. Our taxes are misused by government, which if used good can make technological use more efficient.

We really don't need that thing to take a long time, we just have to convince a lot of people to think and be smart as to who is the person that they are going to elect, I am not advocating the idea of waiting for future generations when we can do it in our own timeline. Not everyone can do what you are trying to advice, the only one who can have their own portfolio is those who have the access to technology and have enough money to build their own portfolio, not everyone can secure an asset because almost half or more than half if not of the population is dirt poor.

This might be easier said than done. Aside from food there are a lot of things needed to consider for us to produce, not everyone has their piece of land to produce crops or vegetables. Even vegetables are expensive, meat products as well doubled it's price as poultry and pig farms has limited supplies due to no one wants to raise farm animals due to the massive increase in price. In our country there are times where you won't see any stall open in the meat section, vegetable prices cost as much as meat's price. The food price is increasing but the minimum wage remains the same. Low income earners are suffering real bad, not to include the lockdown which limits job operations.

You should look also at the amount of land that was plated with and that went down more than the production which means higher productivity.

And there is no downtrend, there was none in the last century and there will be none.
https://ourworldindata.org/agricultural-production

Cereals    1.86b tonnes in 2000, 2.70b in 2018
Potatoes   322m tonnes in 2000, 368m in 2018
Meat        235m tonnes in 2000 , 341 m in 2018
Fish         122m tonnes in 2000, 145m in 2018

Overall food production has increased more than the growth of the human population over this period and it will continue to do so while there is a clear downtrend in population growth.

The increase in price is not because of productivity or climate, is more about the disruption of logistics chains, once everything returns to normal this scare will disappear also.
https://www.bbc.com/news/world-europe-52439934


Yeah, a 100$/s hour minim wage should solve this, wonder why the constant minim wage increases had no effect for two decades already? Maybe because it also drives basic prices up?