Monday, April 4, 2011

Experts say energy, weather, unrest responsible for higher food costs

An AP story this morning (appearing on the Washington Post website), was right on laying out the facts that rising energy costs, weather and unrest are more likely to cause food costs that farmers.

“It’s a whole slew of things that have influenced that price,” said Chad Hart, an agricultural economist at Iowa State University. He ticked off some of them: “When you look at the cost of our food, it is related to the cost of corn, soybeans and wheat and cattle but also the cost of oil, gas, diesel and unrest in other parts of the world.”

The folks at the Grocery Manufacturers Association (GMA) have already started their propaganda machine to lay the cost at the door of America's farmers while ignoring rising energy, marketing and profits.

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