A Triple-Whammy For Food Prices — How to Prepare For The Worst
- A Triple-Whammy For Food Prices — How to Prepare For The Worst
by Promoted Post, https://www.thegatewaypundit.com/
Russia just announced it is stopping all wheat exports for the rest of the year. China is stockpiling food — by mid-2022, they will hold 69% of the world’s corn reserves, 60% of rice reserves, and 51% of its wheat, experts say.
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American farmers are working hard to fill the gap — but fertilizer prices are skyrocketing. They could go up 80% this year, according to a Texas A&M economist. And then there’s Biden’s gas price increase. The cost of getting food to your grocery store keeps going up, too.
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It’s a triple-whammy for food prices: Less food in the international markets, higher fertilizer costs and higher transportation costs. Analysts say there’s no way around it: Food prices are going up. Fortunately, there’s one way to lock in food at today’s prices — and provide a safety net if things get worse.
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Yes, things could get worse. For the first time in a long time, nuclear war is a possibility. Then, there are “normal” things that can disrupt supply chains: Cyberattacks. Power grid failure. Calamitous weather.
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It’s time to wonder:
Can we go a week without going to the grocery store?
What if it were a month?
Or 3 months?
Or 6 months?
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Looking at the crazy state of the world, you’ve probably put some money away (and hopefully, some gold and silver). But have you put some long-lasting food away for when things get worse?
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