Topic: Food Prices Are Soaring Faster Than Inflation and Incomes - page 3. (Read 438 times)

If you look at the current society and the younger generation, it is very difficult to imagine that the next generation can be more supportive of society. Although there are many examples, even today, when politicians declare one thing, but when they come to power, they act differently. There are clear examples that the resources in the country are sufficient to provide for its citizens, but the government does the opposite. I cannot understand the logic of such actions. I live in a country where most of the profit for the state and people is provided by agricultural products, but at the same time the government exports all the goods abroad, and the people are left only with an increase in the price of food, no matter how fruitful the year was. And I don't even want to think about energy resources, because in this case everything is even worse.

We forgot that we are still in the pandemic, some countries are facing second and third wave of corona cases in severe manner which affected the import and export world wide and last year every government printed money to manage the first wave is fueling everything more faster. But governments remains silent or they never accept that prices are increasing.

Telling the threats we will receive in the future, the hardships of staples, inflation, and extreme weather will never end but it is like walking in a dead end.  If you say that what is being improved is the current leadership order, it will take a very long time to give birth to a generation that really cares about the condition of society.  The economic crisis is very clear in front of the eye, the steps to save themselves are to secure the assets owned by preparing your best portfolio.

If the minimum wages are increased in parallel with the inflation then we should be able to curtail the problem of increased in the prices of basic necessities. We don't need a revolution to have a change, we just have to choose the right and competent person to get into the position of power, someone that really do care about the people more than their own interest. Teach your children not to be a sycophant fanatics of politicians, teach them to ask the right questions, teach them common sense and critical thinking, teach them compassion and charity. This simple things that our parents didn't do can help the future generations become better than the past generations.

It is surprising to hear about increasing prices for food. Here in India, the food prices have remained at the same level for 6-7 years now (despite the local currency losing its value). Even during the lockdown period, the prices remained at the same level. I guess the increase may be occurring in those nations which import food items from abroad. Transporting agricultural produce has got more expensive now, as a result of COVID 19 restrictions.

One of the impacts of the prolonged COVID-19 pandemic is that food prices have increased dramatically in several countries. In fact, not only food,
the price of other necessities has also increased, human life is getting more difficult to live by. Moreover, it is very difficult to find work nowadays,
making many people easily stressed. My advice is why not use the small land at home to grow some fruits and vegetables, so we don't have to buy
all the foods. I now plant tomatoes, chilies, onions, kale, and so on. And caring for plants is also not too difficult, this is indeed a solution that I can do
while facing soaring food prices.

Foods and other commodities are all being affected by the recent happenings because of the supply of those essential stuffs are getting into its limit as the people tends to stay into their houses all due of the existing pandemic which leads to the production of those commodities but still the demand is still keep on rising and as time goes by the common raw materials needed to produce those stuffs are also getting expensive and as a result, the prices soar high into the extent that it is not already not that much affordable for the common ordinary people. We are clearly seeing how the negative impact of the current situation we are experiencing in the economy affects the flow of supply and demand which is now being felt by individuals residing in one place making common necessities become expensive.

Great job for the government giving stimulus cheques, In our country there are different types of helps from the government including the money. There are also food and medicines, not all comes from the office but there are also good samaritans giving cash and food. Even though the food hiked in prices because of shortage. It's been a rough year and hope this will end soon.

It's always about supply and demand. As we go through this pandemic unprepared, we see the value of food as a scarce commodity rather than basic one.

According to FAO,Worldinfometer and Institute for Fiscal Studies.



We clearly see a steep decline in total world rice production by 3,517,086. Going into 2020, we are already in downward trend causing in to plunge more with the current pandemic. Currently, there is no available data for 2020 and 2021 but with the current trend we can infer that the production yield would be much lower in 2020 and 2021.





Since, America has the largest percentage of cattle meat production with 47.6% and with their rapid rise of total Covid cases at 124,613,234 with daily increase of 310,286. We can infer that the cattle production of America would decline. More covid cases = more economic restraint, thus making the production and yield difficult.





With the Pandemic restriction and panic on full effect in 2020. There is a sudden spike of average spending during 60-80 weeks of 2020 compared to 2019.In line with all the current production yield of every possible commodity in the market, Exhibit 5 clearly shows a massive increase of 20% up to a 100% quantity purchased good.

Conclusion:

The world has been complacent with food production since the rise of Agricultural advancement for the last 20 years. Consumption and Production has been meeting all the marks and making ends-meet Pre-Pandemic. Fast forward to 2020-2021, we see Food not just a commodity we can easily buy but a scarce commodity that can easily be depleted if not sustained properly. Panic buying and hoarding during the first months of lockdown in various country led to the most severe case of food shortages all over the globe. Economy plunging, stimulus packages being distributed, and food ration and stubs as an alternative to provide food on the table. Thus, inflation together with down economy (more jobs being vacant), income being low as ever, and food supply getting lower, is a trifecta making food prices soar more than ever.   

Rather than all those programs, paying a lot of people to teach seminaries and wasting tons of money the simple solution would be to buy some damn f* tractors, one for each community in Africa.
It would be way cheaper, it will actually produce something, it will make people learn the difference between survival agriculture and real agriculture and unlike words, conferences, seminars, and all the other bullshit, it will actually solve the problem.


Wait till the morons realize that if you're going to force chicken farms to provide 10 square meters per chicken you will end up with all of Europe being a farm just to get enough eggs.
The whole organic/bio/non-GMO thing will backfire so bad if we have a very bad season for farming all over the world at the same time it will raise prices so high no one will afford anything more than basic food. And guess what will happen to all those bio farms with their low productivity? Bankrupcy!


Food shortages would not happen in the first place.
But when you let cartels forming up just like OPEC is doing, combined with stupid policies, throwing money at things will never ever be economically feasible you're creating the perfect storm.


The US is a net food exporter, the biggest in the world, furthermore, the biggest exporters of food products are all from the western world, with Canada, Germany, France, and Netherlands way up on the podium.
It's actually the eastern side of the globe that is a net food importer with China leading the way.

We are reaching a critical point, inflation in luxury items or in stuff people do not normally use or have access is not going to affect them however inflation when it comes to food is going to have very adverse effects all around the world.

This is simply a matter of ROI, most people do not want things like a revolution happening on their country because deep down they know all the bad effects it will have plus the fact they may risk their lives, but if they do not have food for themselves or their families slowly the ROI for a revolution begins to switch towards revolution, and I would not be surprised if in the next years we see some governments going down because of the high food prices.

Yeah, it's crazy isn't it?  I couldn't imagine a disaster that disrupted national supply lines for an extended period of time.  If something like that were to happen, our nice society would probably descend into anarchy in no time.  Hell, the US has seen looting and crime waves occur during blackouts (though not recently). 

Anyway, no surprise food prices are going up.  So are gas prices, stocks, crypto, pretty much everything.  I'm not sure if this is the direct result of all the stimulus money that's being handed out or the pathological monetary policy that the US has been following for at least a decade, but it's not unexpected.  I'm afraid things are only going to get worse as far inflation goes; let's hope wages keep up and we don't see hyperinflation hit any of the developed countries.

This will depend on where they will be getting the value for this kind of currency, if this will be treated as some kind of meal ticket and funded by charity or a non-profit organization I believe it will do what it is intended to do so. But if this kind of crypto will be either bought by people or serve as some kind of free pass where businesses won't profit from it I don't think it will do any good for both the consumers and the businesses. How these cryptocurrency will have value is something that will define if it is successful or not but I do believe a creation of a cryptocurrency is not the solution here since if we took Bitcoin as an example our market leader isn't accepted by most businesses yet I would assume the adoption for the global hunger crypto token will take longer for establishments to accept which will come later after Bitcoin of course.

To grow crops efficiently we need to have access to affordable materials to build modern infrastructure. No one should rely in climatic perfect conditions to grow crops nowadays as we have the possibility of building greenhouses with hydroponics integrated. This way we are protected against drastic climate changes, parasites and animals which could damage the crops and due to hydroponics the crops are ready for harvest much faster than through traditional methods.

The issue is that the costs of building a system like this are too expensive because these materials must be imported. Furthermore it's a risky investment, as we don't know if there will be enough demand on the market.

And I don't think to create a token is going to help farmers to solve this issue, as we have already many coins disponible here with the same characteristics of a potential brand new created one.

It's not just about food price but all the good prices are increasing much faster than the incomes and inflection rate and it's because of the huge demand of goods in the other hand due to the covid-19 and economic crisis many factories and producing companies had to shutdown temporary because of the limitations. This increasing of demand of the decreasing of supply is the main reason of the increasing good prices and since people are thinking the goods will be more expensive after a few months they will buy goods than they need to save for the next months, this will the another reason for it.

This is definitely a wise idea. Planting crops and vegetables to save money is a huge help especially during this pandemic season. We have to be wise if we want to survive. Relying on the government and blaming them for an increase of daily necessities' price will never help so we have to create our own smart moves to save and continue living.

As the food prices rise, while it's bad, but this forces us to learn one basic thing of life, that we should always put our needs over our luxurious wants. There's a friend of mine, who's not very rich but he changes his phone every three months and only goes for the most expensive ones he is capable of. He got all gadgets you can name of, but he doesn't even have a proper daily hygiene, he relies on cheap fast foods and avoids healthy ones. If we can cut lots of our luxuries, maybe we can overcome these tough phase of food price surge and go towards a new normalisation. And donate as much as we can to help our brothers in poverty to sustain a living.

I don't think introducing tokens would solve problems that are caused by poor land conditions resulting to bad crop seasons.

This problem is tackled better on the root cause, which is obviously supporting farmers to get better yield on their crops. I don't think a token would be sufficient of a solution for that, as the underlying cause for bad crops is obviously anything related to farming. Perhaps finding ways to get better yield on crops even on an off-season, or introducing plant variants that can thrive on weather conditions that aren't suitable to the normal ones would be better, if not the best solution as of this moment.

Education on GMO food products is also one thing. Most people think that organic is always better, whilst not knowing that most of the food they eat are a result of hundreds of years of genetic engineering made by livestock breeders and farmers and not necessarily geneticists and scientists with chemicals on injections. This is one problem that I'm seeing even here in our country: the government is so affixed into promoting organic foods and produce all the while blocking all developmental projects that support it, e.g. farm to market roads, cooperatives, etc. Most supermarket veggies and fruits are GMOs, and most of those last longer, have more vitamins in them, and are reasonably priced--not because they have chemicals in them (that's not how genetic modification works) but because the best traits on a single organism belonging to the same variant are handpicked and are slapped onto each other to create the best version of that organism. It'd be great if the government educates its people about this fact and not just shrugging shoulders while getting billions of tax money on these industries.

Food shortage can be tackled while it's at its infancy, although I don't think the governments of the world have their priorities straight.

A new token cannot be the solution to the problem of food shortages in the world - and with the best of knowledge, no farmer can control the weather to such an extent that he can ensure that his crop succeeds completely. Even if a country has an excellent irrigation system, how to protect itself from hail or hurricane winds, or various diseases that attack crops?

The problem is the climate, which has begun to change drastically over the past 20 years - so some crops no longer thrive in places where they have been grown for hundreds of years. Of course, all this goes to the advantage of those who support the GMO that has completely conquered the US, but also some countries in South America such as Brazil.

I remember a time not so long ago, most people had their own garden where they produced seasonal fruits and vegetables, today 90% of those same people in those same gardens have pools and ornamental plants - what has changed in the human mind that no longer wants to produce food?  The answer is that in a very short period of time we are almost completely transformed into 100% consumers who buy everything and spend hours in shopping malls far from the land and nature.

People will be hungry because they chose to live that way, being addicted to someone or something has never been a good idea.

Inflation is coupled with food prices, if food prices are going up faster than inflation then that means that there is an overpricing that is going on. Based on the definition in Google, inflation is a general rise in the price level in an economy over a period of time. The real problem is that the inflation rate is going up more than the recommended annual percentage which is around 1 to 2 percent which if achieved meant that the economy is growing.