Previous Entry | Next Entry

Captain America 04 in flames

Originally published at Durosia.com. You can comment here or there.

Food Rationing Confronts Breadbasket of the World

Many parts of America, long considered the breadbasket of the world, are now confronting a once unthinkable phenomenon: food rationing.

Major retailers in New York, in areas of New England, and on the West Coast are limiting purchases of flour, rice, and cooking oil as demand outstrips supply. There are also anecdotal reports that some consumers are hoarding grain stocks.

This a news story many people out there would never expect to see.

It's also one I wouldn't expect to have made it out just yet. But I saw it on the TV news before I came across a link to the above article, so it has made it into the mainstream. Which is more than I can say for some other stories that have been done much better by the BBC than any news outlet I've seen here.

There's no question that our economy is in deep, deep trouble. There's also no question that that our economic problems are having quite the negative impact on the global economy.

The only real question is: How bad is it going to get before it gets better?

Thankfully, we're still much better off than a lot of other nations (like Haiti where people are eating dirt). That just means we've got a little more buffer space to try to make things right.

Comments

( 10 comments — Leave a comment )
[info]ford_prefect42 wrote:
Apr. 23rd, 2008 01:55 am (UTC)
Do you have some suggestions as to how to go about beginning to "make things right"?

[info]american_arcane wrote:
Apr. 23rd, 2008 02:02 am (UTC)
Not that other people smarter and better positioned than I have already tried... and failed at.

At this point, I'm just trying to keep an eye out what's going to come crashing down around me. :(
[info]grumpygrafx wrote:
Apr. 23rd, 2008 02:34 am (UTC)
Actually the wheat issues aren't from the economy. They under produced wheat and over did corn (ethanol) and other things it was stupidly short sighted.
[info]fractalwoman wrote:
Apr. 23rd, 2008 02:56 am (UTC)
Actually
They over-produced corn for ethanol due to grants and tax breaks by the government. They brought it on because they were not appropriately subsidizing farmers for other foodstuffs.
[info]grumpygrafx wrote:
Apr. 23rd, 2008 02:58 am (UTC)
Re: Actually
Yeah what she said.

and its a conspiracy.
[info]ford_prefect42 wrote:
Apr. 23rd, 2008 03:06 am (UTC)
I ran the numbers. Ethanol consumed enough food to feed roughly 150 million people. That's a lot, but it really isn't enough to have had this significant an effect on the food prices worldwide. Particularly since the year on year increase in ethanol production was really rather small.

That means that the spikes in food prices that we are seeing are driven by roughly equal parts energy costs, population increases, ethanol, and production expansion problems. It seems that we have a slight issue wherein peak oil and peak FOOD coincide.

With 75% of the worlds fisheries in collapse, the vast majority of the arable land in use, constantly spiking oil prices, and ever increasing population, it is rather hard to see how the world is going to avoid a *very* rocky road in the next decade or so.

Interestingly, in real dollars, the price of pork and chicken have held level or DECREASED! over this time frame. This can probably be attributed to ethanol tailstock, but it's interesting no matter how you look at it.
[info]grumpygrafx wrote:
Apr. 23rd, 2008 03:31 am (UTC)
Its hard to believe how much "damage" has been done over the last 100 plus years.

Time to take over Mars.
[info]fractalwoman wrote:
Apr. 23rd, 2008 02:58 am (UTC)
WOOHOO
Another depression. Does this mean that we should snatch up everything here and go make big profit elsewhere?

The big mob boss on Facebook thing did me in......sorry
[info]ford_prefect42 wrote:
Apr. 23rd, 2008 03:50 am (UTC)
As for how bad it can get before getting better.... Ever see "Soylent Green"? Hopefully it stops getting worse before there.
[info]bobodacious wrote:
Apr. 23rd, 2008 05:08 am (UTC)
you should read the omnivore's dilemma. it's shocking.

as for the food prices- similar to the above article but it was the first one i saw about it. http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/
( 10 comments — Leave a comment )

Latest Month

July 2011
S M T W T F S
     12
3456789
10111213141516
17181920212223
24252627282930
31