Less Wheat Import by India to Impact Prices in 2008-2009

For about $500 a season, you can have own farmer

“A growing number or people around the nation are investing in shares of a local farmer’s crop, reducing trips to the supermarket and the cost of shipping food.”

“It makes sense that you would save gas on broccoli grown 30 miles away versus California,” said Rob Goldman, 53, a doctor from the Milwaukee suburb of Whitefish Bay.

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Prudent Squirrel Alert – US harvests

“US grain harvests are not looking too good.”
“We have noted before that the world needs record harvests to avert a real world food crisis in 09. That appears not to be happening, at least in the US.”
“GRIFFIN, Indiana: In a year when global harvests need to be excellent to ease the threat of pervasive food shortages, evidence is mounting that they will be average at best. Some farmers are starting to fear disaster.”
“American corn and soybean farmers are suffering from too much rain, while Australian wheat farmers have been plagued by drought.”
“The planting has gotten off to a poor start,” said Bill Nelson, a Wachovia grains analyst. “The anxiety level is increasing.”

Energy Dept: $4 Gas Through 2009

“The Energy Department says motorists can expect gasoline prices to remain close to $4 a gallon through next year. Oil prices should remain well above $100 a barrel through 2009, says Guy Caruso, head of the department’s Energy Information Administration.”

“Caruso told a House hearing in Washington on Wednesday that crude oil prices are likely to average $126 a barrel next year, $4 higher than this year. He said gasoline prices are expected to peak at $4.15 a gallon in August, but won’t go down much. The agency projects gasoline averaging $3.92 a gallon through 2009.”

“Caruso said that oil prices are likely to stay high far into the future. He projected oil costing $107 a barrel in 2015.”

Water Scarcity: The Real Food Crisis

 

After decades in the doldrums, food prices have been soaring this year, causing more misery for the world’s poor than any credit crunch. The geopolitical shockwaves have spread round the world, with food riots in Haiti, strikes over rice shortages in Bangladesh, tortilla wars in Mexico, and protests over bread prices in Egypt.”

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Oil falls after huge rally; Gas inches up

Causes of the world food crisis

By The Associated Press – May 27, 2008

The first global food crisis since World War II is the result of converging factors across the world. Some facts: Read more

UN Chief: Billions Needed on Food

(ROME) — As much as $20 billion per year will be needed to boost food production to combat hunger worsened by soaring fuel and food prices, U.N. Secretary-General Ban Ki-Moon said Wednesday. Read more

They’re Going to Sell Your Food

J. Michael Stevens Group
April 15, 2008

By Steve Shenk

The UN World Food Program is asking for $1 billion – $500 million of which they want paid by May 1st. This is to come from developed nations, including the United States, to help with the starvation in under-developed countries. Surely, no one would argue with the humanitarian need to feed the starving Third World countries. Read more

Load Up the Pantry

April 21, 2008 6:47 p.m.

I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food.

No, this is not a drill.

You’ve seen the TV footage of food riots in parts of the developing world. Yes, they’re a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.

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