US

USDA Predicts Surging Food Prices in Coming Year

USDA Predicts Increased Food Prices

The USDA has released their projections for food price inflation in 2011/2012, showing troubling forecasts that may send you to the grocery store today, before paying higher prices tomorrow. The report shows that the Consumer Price Index (CPI) for all food increased 0.8 percent between 2009 and 2010, and is forecasted to increase 3.5 to 4.5 percent in 2011.

Bruce Krasting notes that the USDA’s projections are especially troubling considering Federal Reserve Chairman Ben Bernanke has said he wants to contain inflation (although excluding food and energy) at less than 2%. Food inflation is running at double his target. Writing in Business Insider, Krasting says the problem is even more serious than the USDA indicates and that global demand is set to push prices even higher as time goes on:

“It’s not surprising that the US pays less for food as a percentage of income than any other country. But the comparisons are still interesting. The US spends 6.5% of disposable income for food. Poorer countries like Nigeria, Kenya and Cameroon are forced to pay ~45% of incomes to put food on the table. The high population countries are as follows
Vietnam = 38%

Indonesia = 32%

India = 28%

China = 22%

I find these numbers troubling. There is only one direction for them to go. The developing countries with big populations will see greater gains in income, with that will lead to increased food consumption. Approximately 30% of income goes to food in these areas.  It’s hard not to see that this is going to push up the prices the globe pays for everything we eat.

For example, the USDA put the per person food cost in China at $129 in 2000. Today that number is $360 (280% increase). Over the same period the USA consumption increased only 42%.”

Items that are expected to inflate the most include  beef, cooking oils, and seafood. Processed vegetables and beverages were projected to to see smaller changes in the CPI. The Wall Street Journal notes that “the midpoint of the new USDA outlook signals the sharpest acceleration in the food inflation rate from one year to the next since 1978, and makes the increase itself the biggest since 2008, when prices rose 5.5%.” While things may seem bleak for the rest of the year, the USDA projects that prices will rise only 2.5 percent next year.

The report also found that food-at-home prices increased 0.3 percent, the lowest annual increase since 1967, while food-away-from-home prices rose 1.3 percent in 2010. Total food expenditures for all food consumed in the U.S. were $1,240.4 billion in 2010, a 3.4-percent increase from $1,199.8 billion in 2009. Spending on food away from home accounted for 47.9 percent of total food expenditures in 2010; spending for food at home accounted for 52.1 percent.

Bloomberg Business Week notes that the Bureau of Labor Statistics earlier this month said consumer food costs rose 0.4 percent in September, capping a 12- month gain of 4.7 percent.

Comments (196)

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  • tankyjo
    Posted on October 30, 2011 at 6:12pm

    DUUUUUUUUUUUUUUUH, which way did they go George? Which way did they go? We pay these geniuses to screw it up, AND, to inform us how screwed up it is.

    Report Post » tankyjo  
    • Jaycen
      Posted on October 30, 2011 at 6:39pm

      Glenn Beck did several shows on Fox talking about this very scenario. Guess the USDA guys are crazy conspiracy theorists now.

      Report Post » Jaycen  
    • Dustyluv
      Posted on October 30, 2011 at 6:41pm

      And they are NOT telling you the full truth to stop panic buying. It is a lot worse than they put out 2.5% increase my ass. They dropped a zero. It will be 25% at the least! These people are liars or stupid. Maybe both.

      Report Post »  
    • WeekendAtBernankes
      Posted on October 30, 2011 at 8:35pm

      I highly doubt we’ll see 25%. Even ShadowStats only indicates about 7% inflation this year. Probably more like 10% at most, more likely lower. Anyway, look at the bright side, 25% and Obama is unelectable no matter what.

      Report Post » WeekendAtBernankes  
    • loriann12
      Posted on October 30, 2011 at 9:31pm

      I know cotton pj’s went up from $9.99 to $12.99. That’s about 25%. Milk has gone from .99 to 1.99 (that’s about 50%). I haven’t been paying close attention to the rest, so anywhere from 25-50% in about a year and a half.

      Report Post »  
    • jedi.kep
      Posted on October 30, 2011 at 9:58pm

      Coffee alone this past year rose 28% if my numbers are correct. I don’t doubt this story one bit.
      Time to get that farm…

      Report Post » jedi.kep  
    • silentwatcher
      Posted on October 30, 2011 at 10:59pm

      anyone that thinks inflation hasn’t hit us hard is a dunce. Prices in the last year alone range from 10 to 30 percent. To make matters worse,,,,many foods packaged are now in SMALLER packages (with the price increase also.) No inflation???? pull your head out. Oh yea,,,,it IS going to get worse. I forsee many farmers markets trying to establish,,,,but then, the gov’t is trying to shut those down, now, aren’t they????

      Report Post »  
    • stang289
      Posted on October 30, 2011 at 11:17pm

      its a good thing there is Feeding AmeriKa right out of Chicago there to save the day , as if it wasnt planned ahead of time , food storage stock up . dont forget the brass if you want to keep your food .Rioting Across America – The Great Depression http://www.youtube.com/watch?v=exuGv3HsV-U&feature=channel_video_title

      Report Post » stang289  
    • Shakira Law
      Posted on October 30, 2011 at 11:36pm

      Agreed! The damn prices have been going up for a long time. I guess we need that much needed USDA to tell us the obvious. Next the DOE will be saying that gas prices are on the rise.

      Report Post » Shakira Law  
    • WeekendAtBernankes
      Posted on October 30, 2011 at 11:40pm

      Interesting observations. At my local store I’ve seen my staple microwave dinners increase about 10%, milk hasn’t gotten any more expensive, paper towels, peanuts, and tortilla chips have come down. I haven’t paid enough attention to notice anything else.

      Not to condescend the condescending commenter, but apparently it hasn’t occurred to him that prices changing at his local grocer have more to do with local demand and the financial situation of that particular firm than anything else. I’ve seen my 10-day bundle remain relatively stable over the last year I’ve been going to this particular store.

      ShadowStats.com has a pretty good measure of inflation. The real rate is probably somewhere between their measure and the CPI-U (for Steve: that means the government’s preferred measure). Both of those measures indicate an ~3.5% increase in inflation for 2011, up from ~8% and ~2% respectively.

      Report Post » WeekendAtBernankes  
    • lapua338shooter
      Posted on October 31, 2011 at 12:40am

      My lovely bride of 27 years went out Friday to pick up the next weeks supply of general stuff. As soon as she got home she said “you really don’t want to know what I just spent on this.” For two adults she dropped $280 for 6 bags of the usual (cold cuts, bread, milk, coffee, etc). 2 months ago the same amount of goodies was $150 (give or take). We’ve been feeling it for just the both of us. I don’t know how folks on a tight budget do it. Tough desicions…. food or medicine….. medicine of clothes…… food or gas. I‘m starting to hope I’m dead before it gets much worse.

      Report Post »  
    • SomeRandomPerson
      Posted on October 31, 2011 at 1:31am

      We really need to get Obama out of office. Unfortunately none of the other candidates running really fits the bill either. None have any real plan for the economy that will actually accomplish anything. It’ll just keep getting worse and nobody will care enough to really do anything to prevent it. It’s all part of their one world government scheme.

      Report Post »  
    • AmericanPatriot01
      Posted on October 31, 2011 at 6:11am

      @ SomeRandomPerson

      There is one that will turn the ship around and put the country back on her intended course. I am talking about Ron Paul. Yes, he is the only one out there even talking about the constitution and the limits it places on government. Progressive Gov’t R & D’s that have caused this tragic situation. The establishement republicans are as progressive as the democrats. Ron Paul is not an establishement candidate. they want the FED in place because it feeds their elitist machine! Ron Paul will put an end to the theft by ending the control that the FED has on our money and monitary policy. He will restore the constitutional limted government and he will re-establish sound money through a gold standard valuation.

      That is why you don;’t hear about Ron Paul from the Media Republican or Democrat, because they are both different heads of the same beast. DON’T BE FOOLED AGAIN!! You know what I say is true. Research Ron Paul and his proposed policies before you make a huge mistake this next election.

      WAKE UP!!!!

      Report Post » AmericanPatriot01  
    • Vechorik
      Posted on October 31, 2011 at 8:53am

      The EPA is also causing high food costs.

      We can help!
      Contact your senator, help Rand Paul.

      Contact your Senator and ask them to Please vote yes for the Congressional Review Act, Sen. Paul has introduced S.J. Res. 27, a resolution of disapproval that would allow Congress to overturn the costly Air Transport Rule.

      Report Post »  
    • jakartaman
      Posted on October 31, 2011 at 9:11am

      Cost is a big issue – however food availability is much much more serious.
      It will not take much for this world economy to dissolve into chaos.
      Just one possibility is what would happen if war broke out in the middle east (not too far fetched)
      and oil stopped – that would mean gas prices go through the roof. – do you think you will be getting your florida oranges in NY?

      Report Post »  
    • lillymckim
      Posted on October 31, 2011 at 9:28am

      We the informed Glenn Beck listeners have known this for what going on two years now..
      the drive by media is just “now” catching up ..

      Report Post » lillymckim  
    • fancydancy
      Posted on October 31, 2011 at 10:41am

      I am a prudent shopper and I will tell you that many groceries have already risen 20% thanks to Q1 and Q2 so I think this projection is inaccurate.

      Report Post »  
    • Goobergregory
      Posted on October 31, 2011 at 11:44am

      @stang… Right on brother. Wolverines know what to do. We (those of us who have been paying attention to ANYTHING other than dancing with the stars) have been on this for some time both counts… Food and Lead in order to KEEP the food! The farm is in good working order after the last 2 years of working on making it as self sustaining as we can. We will keep letting others know any way we can. Wolvies… get your Grrrrrrrr on…

      Report Post » Goobergregory  
  • sbenard
    Posted on October 30, 2011 at 6:00pm

    Food commodities have inflated along with the stock market over the past three years. “Bubbles” Bernanke calls this “the wealth effect”. Most Americans consider to be the imPOVERISHING effect!

    Report Post » sbenard  
    • ChiefGeorge
      Posted on October 30, 2011 at 6:18pm

      No one saw this coming right?

      You have to be living under a rock not to see that food is going up. The food chain has been disrupted by all the climatic weather the planet has been going through for a couple of years now. This affects planting and harvest. Dramatic winter snow melts flooded the lands and heavy rains soaked fields in the midwest keeping farmers from planting. Overseas flooding in Asia also hurt the rice crops and continues. Food will rise because of many others reasons to include droughts in Texas this year. Stock now while you can. Rice is still fairly cheap and you can store it for long periods. Buy a rice cooker! They work real good for dummies who can’t figure out how to cook raw rice. Makes me want to go out and pick up a few things.

      Report Post » ChiefGeorge  
    • followthefounders
      Posted on October 30, 2011 at 6:52pm

      Protect yourself…. be proactive…still time to prepare. Check out http://GoFoodsNProsper.com Otherwise, we are at their mercy.

      Report Post »  
    • Busdriver4u
      Posted on October 30, 2011 at 9:56pm

      Food prices can’t go up until the government tells us the prices can go up. And so it goes.

      Report Post »  
    • silentwatcher
      Posted on October 30, 2011 at 11:05pm

      It doesn’t help when the public has been brainwashed to believe corn could be used to make fuel affordable (for who?) CORN IS THE MAJOR STAPLE IN OUR LIVES. They have used the LIE that corn can produce cheap fuel (no, it’s not affordable and takes an incredible amout of water, which we now have a shortage of, to produce the fuel)

      Still want to know why your corn flakes, chicken, beef, pork, bread, etc, cost more??? It does not take a rocket scientist to figure that one out,,,,if you have the capactity to think.

      Report Post »  
    • Vechorik
      Posted on October 31, 2011 at 3:57pm

      On top of that, the corn fuel have proved to produce MORE pollution than gasoline, yet they still give the subsidy to produce it! No politician DARE makes a cut to any spending. It make me sick.

      Report Post »  
  • Thevoice
    Posted on October 30, 2011 at 5:55pm

    See one of the things all these geniuses never point out so I will as a person who rents out farmland to farmers on a yearly bases. . Will tell you……Rent for farm property went up 120% in the last three years. and depending on the location you are now anywhere from 150 acre to over 250 acre .Again depending on location.and good luck finding any. That and the seed, fertilizer and fuel equipment, time, maintenance, insurance and all the goodies you better bet food is going higher. O…and don’t forget the guy supplying grain well maybe hes got over a half to a million in equipment ..This ain’t no unreality HO HO HO green giant commercial ..With the old pickup and a stack of corn in the back…anymore …

    Report Post » Thevoice  
    • dsind
      Posted on October 30, 2011 at 6:29pm

      got it! and have watched what u described take place in slow mo
      over the last 3 decades! and i‘m my mid 50’s.
      so it’s been goin down longer i assume.
      i am/was in mfg and have been seeing auction flyers in my po box since 1992
      when bush sr+clinton did nafta!
      haaaaaaahaaaaaaaahaaaaaaaaa!
      lets do more free trade stupidity! wooo whooo.
      sarc!

      Report Post »  
    • Dotado
      Posted on October 30, 2011 at 7:39pm

      Half a million, try a heck of a lot more than that. A new combine costs that much, not including the tractors to pull it, the grain bins and dryers, trucks and trailers to haul it out of the fields, a shop to fix all that equipment, and more stuff than you can ever think of. By the way, this year has one of the biggest corn crops ever, regardless of the weather. Most full time farmers, the small amount that there is, have the best science and technology that’s ever been available and 1 acre produces quite a bit more than even 10 years ago. It just cost farmers so much more because of the fuel and fertilizer, etc. And, don‘t get me started on useless regulations designed to bring this country to it’s knees. That’s what is killing us, not the weather. Believe me, my family is life long farmers that work about 2500 acres in wheat, corn, soybeans and hay. It’s the government.

      Report Post » Dotado  
  • normbal
    Posted on October 30, 2011 at 5:51pm

    Government cheese will still be available on credit.. Soylent green chips anyone?

    Report Post » normbal  
  • bs2722
    Posted on October 30, 2011 at 5:50pm

    Hopefully the OWS braindead zombies will starve.

    Hmmmmmm, can braindead zombies starve??

    Report Post »  
    • stringfellow hawk
      Posted on October 30, 2011 at 6:04pm

      by defination zombies consume, consume, consume-the will not starve they will form a hungry/vicious/violent horde that will attempt to devour anything that someone with forsight has produced

      Report Post »  
    • INOGAWD
      Posted on October 30, 2011 at 6:11pm

      SOROS will keep feeding them..

      Report Post » INOGAWD  
    • TelepromoterNChief
      Posted on October 30, 2011 at 6:25pm

      In addressing appropriate zombie consumption, the first volume of Marvel Zombies covered this matter. Zombies can only eat living things as opposed to dead things due to the rancid taste.
      I suspect Michelle would taste like french fries, but noone will ever know since noone stands between her and her fries.
      Barry oozes bull $#it.

      Report Post »  
  • standwithIsraelstandwithGod
    Posted on October 30, 2011 at 5:48pm

    Learn to can and garden people. Only way to steer clear of forced welfare.

    Report Post » standwithIsraelstandwithGod  
    • Vechorik
      Posted on October 30, 2011 at 6:03pm

      Yep, keep borrowing that money to fight for our national defense: against Christians in Africa, the middle East and where ever there is a whim! Keep borrowing that money so prices shoot sky high. Keep borrowing that money to bail out banks to make our prices shoot up. Keep bailing out Freddie/Fannie. Keep borrowing that money to keep 900 military bases open (many in places we don’t need like Germany, Japan). Yep, keep borrowing that money to pay welfare/Medicaid/Social Security checks.

      And where does all that borrowed money come from —- the tax payer’s pocket via inflation!
      What’s the only solution? We don’t have a TAX problem — we have a SPENDING problem, but the dopes in Washington aren’t willing to make the cuts. Can’t wait to see what comes out of the unconstitutional “Super Committee.”

      Yes, posted by a Ron Paul supporter. Do you have a better financial plan than his?

      Report Post »  
    • Vechorik
      Posted on October 30, 2011 at 6:04pm

      I tried canning this summer for the first time. Easy and yes, I think it will be very handy in the future.

      Report Post »  
    • ADNIL
      Posted on October 30, 2011 at 6:08pm

      I can‘t understand why more people don’t have gardens. When I was a kid everyone had some sort of a garden. I live in rural Maine and last summer went to visit my father-in-law, a 40 mile trip, and decided to count gardens along the way. I counted less than 10 and these are poor areas. Lots of satellite dishes, but few gardens. I think it’s fast becoming a lost skill.

      Report Post »  
    • scout n ambush
      Posted on October 30, 2011 at 7:08pm

      My canned peaches turned out mighty tasty.Now it’s deer meat canning season vinison ala bambi mmmm.

      Report Post » scout n ambush  
    • birther2012.com
      Posted on October 31, 2011 at 5:32am

      Make sure you use heirloom seeds. You want to be able to plant again without purchaseing new seeds. I have gotten great deals at foodinsurancetour.com They have very reasonable prices and varieties.

      Report Post » birther2012.com  
    • loriann12
      Posted on October 31, 2011 at 7:16am

      This couldn’t possibly be the plan from the beginning of this administration….starve the poor, population control, make sure there are enough resources for the elites to live on and ration the rest….

      /sarcasm off.

      Report Post »  
  • lukerw
    Posted on October 30, 2011 at 5:41pm

    Of course… before Obama, Gold was $300 an Oz… now, Gold is $1,700 an Oz… because the Federal Reserve is Printing and Spending Money, being the only fully productive factory in America… where this creates the Devaluation of the Dollar, thereby causes Inflation, thereby affects the Value of Gold, thereby causes Price Increases.

    Report Post » lukerw  
    • CatB
      Posted on October 30, 2011 at 6:26pm

      But food is not included in inflation .. so it really doesn’t count right? Neither is fuel .. so all is well !! Obama doing what the USSR could not .. bankrupting the USA!

      Report Post »  
    • Bill Rowland
      Posted on October 30, 2011 at 6:56pm

      How can you be sure Russia isn’t bankrupting us???

      OMG

      Report Post »  
    • CatB
      Posted on October 30, 2011 at 7:02pm

      They tried before .. no it takes someone within the government along with outside forces to really screw us over!

      TEA!

      Report Post »  
    • OperationNorthwoods
      Posted on October 30, 2011 at 11:57pm

      Gold was not anywhere near 300/oz. when Obama took office. Gold started it’s climb during the middle of the Bush years. Here’s the ten year chart.
      http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

      Report Post » OperationNorthwoods  
    • portague
      Posted on October 31, 2011 at 2:33am

      looking at the chart bush got it from 300 to 600 in 6 years
      obama got it from 900-1800 in 3

      half the time to double it awsome

      Report Post »  
  • scout n ambush
    Posted on October 30, 2011 at 5:38pm

    uk telegraph news article from earlier this year on obama asking sarkozy for un support during coming food riots nato troops are the only ones ob can depend on to do what he wants. I have posted about this many times and am not surprised .

    Report Post » scout n ambush  
    • chicago76
      Posted on October 30, 2011 at 7:29pm

      We will not tolerate UN intervention in our country, no matter the reason. It will be an act of war to bring troops from another country or countries into our country to put down anyone. If anyone wants to start a war in this country that is how it will for sure be started.

      Report Post »  
    • lukerw
      Posted on October 30, 2011 at 8:40pm

      To die… fighting The Good Fight — I’m in!

      Report Post » lukerw  
    • macpappy
      Posted on October 30, 2011 at 11:07pm

      It won’t have to be the UN, the local cops will do whatever they are told to do. Like I have said before, when the time comes to defend yourself and your family it will be from a local cop doing his job, and following orders. Are you prepared for that?

      Report Post » macpappy  
    • USACommoner
      Posted on October 31, 2011 at 1:52pm

      SCOUT, haven’t some of our U.S. military troops already served as NATO forces…?

      Report Post » USACommoner  
    • JSHarvey
      Posted on November 1, 2011 at 7:24pm

      Scout, There isn’t a foreign army any where in the world that wants any part of occupying America even if invited by our so called leader. European governments may be stupid but their militaries aren’t. Case in point is something attributed to Adm Isoruku Yamato right after Pearl Harbor when he was asked about invading America. Having lived and gone to school here he correctly stated there would be a gun behind every blade of grass. And there are a LOT more guns now than there was in 1941.

      Report Post » JSHarvey  
  • paulusmaximus
    Posted on October 30, 2011 at 5:31pm

    Prices are going up some? They are rocketing up! You can still find better then average prices if you stay away from big marketers, but you will have to skip the convent foods precooked ect. (T.V. dinners) and in season anyone can plan a few thing they like in a flower bed or pots but watch as some retailers are charging so much for plant as the pick your own places do for the fruits and veges.

    Report Post » paulusmaximus  
  • Glenn in Virginia
    Posted on October 30, 2011 at 5:31pm

    When the Federal Government floods the money supply with newly “printed” currency, what else do you expect?

    Report Post »  
  • Middleclass
    Posted on October 30, 2011 at 5:23pm

    These % of increases do not appear to be correct for our area. I went to the grocery store for the first time in a couple years with my wife. I was amazed!!! She kept telling me I was not giving her enough money because the prices had gone through the roof. I would not have beleived they had risen over 100% in the past 2 years. Everything has gone up. Our gasoline bill 2 years ago ran about $100 to $125 a week – now we are lucky to get by with $250 a week. When added up, it cost us $1000 more in fuel and groceries a month. I started a good size garden and have been able to put up more than enough veggies to last our family of 8 until next growing season.

    Even though I saw some of it coming – Thanks Glenn!!!

    Report Post »  
  • TexOkie
    Posted on October 30, 2011 at 5:19pm

    If you have been to the store lately then you have already seen that prices are “surging”. What do you expect from high energy prices and monetary inflation? Duh!

    Report Post »  
    • INOGAWD
      Posted on October 30, 2011 at 6:18pm

      No suprise here..With this Administration !!

      But the Obama Bunch will continue receiving stamps or whatever…

      and WE will continue to PAY..and BLAME the Republicans….

      Report Post » INOGAWD  
  • Cat
    Posted on October 30, 2011 at 5:09pm

    Man … these guys are right on top it, aren’t they?
    HELLOOO!

    Report Post » Cat  
    • CatB
      Posted on October 30, 2011 at 7:06pm

      Yes ..anyone who grocery shops has seen it already .. and it is only going to get worse.

      November 7, 2012 .. the recovery begins.

      Report Post »  
    • birther2012.com
      Posted on October 31, 2011 at 5:37am

      I agree, we have seen it for a while. But, it is good that Beck is trying to wake up more people. I started getting prepared with emergency food storage from foodinsurancetour.com a long time ago.

      Report Post » birther2012.com  
  • TxMadMac
    Posted on October 30, 2011 at 5:06pm

    Overpaid idiots ! I was at Wal-Mart this week and bought a head of lettuce and 4 tomatos and the bill was $7.78. I’m shocked at their lies, but then they do work for obama. I’m on SSI and by the end of the month it comes down to choices of food, gas or medicine. I chose food !

    Report Post »  
    • Vechorik
      Posted on October 30, 2011 at 6:09pm

      I was listening to a Ron Paul video where he said the government lies about inflation (are we surprised). He said they average several unrelated things to arrive at the inflation number. True food inflation is 9% (at the time of the video and I can’t remember the date).

      People, stock up on cotton clothing. Two years in a row the crops have failed. Prices are gonna skyrocket because of that and then the inflation on top of it. I bought dozens of jeans and socks and have them stored for the future.

      Report Post »  
  • Geo0248
    Posted on October 30, 2011 at 5:03pm

    I seem to remember some crazy guy that resembles the “Pillsbury Dough Boy” saying the same EXACT things not to long ago before he got his own GBTV show.
    I also seem to remember the talking heads making fun of him for the “chicken little, the sky is falling syndrome”.
    It appears the sky may indeed be falling. [on low food prices anyway]
    I listened and watched. Im stocked up a plenty nowadays. Thanks Glen!

    Report Post »  
    • Vechorik
      Posted on October 31, 2011 at 8:03am

      When Congress decided to give Fannie and Freddie the power to make unbacked housing loans — Ron Paul told them it would create a housing bubble and all this would follow. Congress was warned, but they went ahead like this inflation is what they WANT! With all the spending, both Bush and Obama, I really thing it’s a global redistribution of wealth both parties want. Bush didn’t close the border, Obama didn’t close the border. That’s part of it too. Global government is the goal of both parties.

      Report Post »  
  • garyM
    Posted on October 30, 2011 at 5:01pm

    Actually the big food price surge started in 2007 as the democrats took control of the house and the senate in both branches of congress, that was just a year prior to the economic collapse. The congress controls the purse strings of US government, not the president, The president can only spend the money the congress approves for His budget, by the way Obama has never had a budget approved since he took office. He submitted one in which his own party voted down the first of this year! Who fault, George W, I don’t think so! I think the dems wanted the economy to be poor for the 2008 elections so they could have a better chance of winning and it worked. They are using the same scheme this year in a different way, blaming the GOP when they only control the house, what a lie!

    Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on October 30, 2011 at 5:06pm

      They wanted the economic collapse of the United States, and one more source of the pressure for people to turn to the Fed’s for solution is engineering food shortages and higher prices; this has been enhanced by the harvest shortages of exported commodities of wheat, corn and rice and such from the nations of Australia and Russia/Ukraine, along with parts of Africa where winter wheat supplies are transported in from…if I understand the reports correctly.

      Report Post » Snowleopard {gallery of cat folks}  
    • EZDOZIT
      Posted on October 30, 2011 at 8:11pm

      Dems take control of senate and house in 2007. Their 2007 energy policy, wind , solar and renewable energy (corn). Republicans wanted oil, coal, nuclear energy and the above. Dems said we are in charge now.
      The United Nations ask them not to increase the use of corn to make fuel by 700% because a Billion people were facing starvation, they did it anyway. The enviromentalist asked them not to do it because it caused more pollution and enviromental harm than using oil for fuel, they did it anyway, why? They wanted a dem as president and they knew that Bush and the republicans would be blamed for the high prices for fuel and food. It work and now we are paying for their love of power. They did this on purpose, how evil is this?

      Report Post »  
    • EZDOZIT
      Posted on October 30, 2011 at 8:22pm

      Change came in 2007, hope came in 2009.

      Report Post »  
  • Blazer123
    Posted on October 30, 2011 at 5:00pm

    pretty scary that the administration is actually admitting to it. Obv that means it will be undeniably bad.

    Report Post »  
    • Skrewedretiree
      Posted on October 30, 2011 at 5:28pm

      Undeniably bad ain’t the worst of it. If you were a retired mailman like me, you’d know that they cut our pensions by raising our taxes and the cost of living allowance we used to get is gone. With the high cost of food and fuel, it gets harder to get by. On top of that the Socialist city council here, after driving nearly all the business away, announced they will raise our property taxes by one full percentage point. There are also tax levies on the ballot next month. If they pass, we are screwed. Food prices continue to rise and finding deals gets harder. We stocked up for Winter and hope to weather it, but heating our home is a major investment now. Nope, that Hope and Change thing sure as hell don’t make it here, and it was never supposed to, but it got that a**hole elected.

      Report Post » Skrewedretiree  
    • Vechorik
      Posted on October 30, 2011 at 6:13pm

      Same here in my state and county. The county taxes have skyrocketed! I hate to think that even if I have stored goods, the taxes on my house/property will make me lose it!

      Report Post »  
    • Middleclass
      Posted on October 30, 2011 at 6:20pm

      Invest in a wood stove – we did, people give away the wood if you are willing to go and get it. We installed one last year – Mid size stove with a 2200 sqft home – never turned on the heat – Saved average of $300 a month for the 3 cold months and $150-$200 surrounding months – GREAT INVESTMENT!!!

      Report Post »  
  • COASTIE90
    Posted on October 30, 2011 at 4:58pm

    When was this article written, last Oct 2010? According to the USDA food prices are expected to rise sharply in 2012. Watch the RFD channel for market reports.

    Report Post »  
  • AngelAuthor
    Posted on October 30, 2011 at 4:56pm

    This is what Obama and his handlers want. When famine hits and people can’t even afford to eat, the OWS whiners will really have something to cry (and then riot) about.

    Those people behind the scenes at OSW want to collapse the system. It’s hard to do when most Americans are sitting at home fat, fed and comfortable, so they’ll just have to change that…

    Report Post »  
    • Vechorik
      Posted on October 31, 2011 at 8:05am

      Bush spending was just below Obama’s — 2nd most in history. Bush didn’t close the border. Obama doesn’t close the border. Looks like both Democrats and Republicans are playing the “break America” game.

      Report Post »  
  • dirtydog1776
    Posted on October 30, 2011 at 4:55pm

    At this rate, even millionaires will be eligible for food stamps, just the way Obama wants it.

    Report Post » dirtydog1776  
  • semihardrock
    Posted on October 30, 2011 at 4:55pm

    EXCUSE ME!!!!!!!! Dont you mean GLENN BECK warned against inflation and rising food prices!!

    DONT TRUST ANYTHING THE GOVERNMENT TELL YOU!

    Report Post » semihardrock  
  • garyM
    Posted on October 30, 2011 at 4:52pm

    You mean food prices surging more than the past two years, they been surging! Maybe they mean more than ever before. I think we could say that now!

    Report Post »  
  • truthseekerusa
    Posted on October 30, 2011 at 4:47pm

    Example of change of prices in my area. White crust bread used to sell for $1.29, now $1.79. Anyone believe what the USDA tells us? More lies from the Obama nation.

    Report Post »  
  • felix
    Posted on October 30, 2011 at 4:42pm

    hello obama’s continued destruction of the U.S.A.

    Report Post »  
    • riseandshine
      Posted on October 30, 2011 at 4:56pm

      Can’t you see Soros, the Emperor in Star Wars…good…..goooooood!

      Report Post » riseandshine  
  • Thatdrewguy
    Posted on October 30, 2011 at 4:42pm

    I seem to remember this being talked about a couple years ago… Wow now they say its actually going to happen and by 3.5 to 4.5%? I’m thinking thats a little bit low.

    Report Post » Thatdrewguy  
    • Av8tor056
      Posted on October 30, 2011 at 5:00pm

      In my area it’s looking like 5-10% on most items.

      Report Post » Av8tor056  
    • trueblueday
      Posted on October 30, 2011 at 11:31pm

      Every time I go into the store now, I prepare mentally for the soring prices. Don’t listen to their “facts” on percentages. I was stocking up long before the price gouging started (thank goodness). Never thought I’d see peanutbutter “on sale” at $5.80 a jar, and that’s not a super size, mind you. Any kind of oil – corn oil, olive oil – forget it. Paper products- Never thought I’d see multi-rolls priced at over $12 to $14. These “experts” should take a stroll down a shopping isle and see for themselves. I do believe my grocer is trying to keep the prices as low as they can, but I also understand they have to make a profit in order to survive. This is going to be rough on all of us, but for those who have been listening, we have known this all along.

      Report Post »  
  • Vechorik
    Posted on October 31, 2011 at 3:35pm

    The EPA is now regulating DUST. Yes, I said dust …. like farmers’ dust! It’s one of the reasons Ron Paul wants to get rid of the EPA and their UN Agenda 21 global warming mandates.

    Here is a video of farmers speaking out about the regulation
    http://www.youtube.com/watch?v=EC8SYGOD6ME

    Report Post »  
  • Vechorik
    Posted on October 31, 2011 at 3:40pm

    Remember Glenn’s show about the “clean water act” Where the American people don’t own the water on their property! It wasn’t mentioned in this video by Glenn, but I also read the Feds are asking for 500 feet around any body of water is theirs! That includes part of my HOUSE!

    Glenn:
    http://www.youtube.com/watch?v=Rdg_bidvbwU

    Report Post »  
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