Quote:
Originally posted by skeet
Groceries went up 65%?? Because of the price of corn? How ridiculous can they get? The price of any grown commodity such as corn or wheat or soybeans has such a small effect on the price of groceries it is unbelievable. The price of groceries is up because of the price of fuel and the wages that must be paid to get those groceries to market. Here it is again. The farmer is getting rich off of the consumer! Yeah, right. The farmer gets the least profit from the stuff he grows! The rest is all because of the middlemen. from grain brokers to the companies that make the product from the grain to the delivery (trucking etc) companies to the store selling the finished profit. How much do you all think the farmer gets from the cost of a loaf of bread? Half?? The farmer could only wish! More like 3-4 cents per loaf of bread goes to the farmer. The rest is all the other people who live off of the sale of the bread.  Oh well
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skeet
My Father in law once explained this in very simple terms, he was neither an economist or a grain dealer. He said if you look at it in the terms of a box of wheat chex a bushel of wheat should be worth something in the $70>$80 range and that was back in the seventies. I looked at the milk futures the other day and whoa nellie, it will be 4>$5 a gallon before long.
One my vices in life is heavy cream in my coffee, that stuff is almost $7 a quart. Think I'll give it up, when hell freezes over.
You are right about the middleman, theres too many fingers in the soup. People here in the states are spoiled rotten when it comes to prices we pay for food. If the prices doubled or even trippled we still make out like bandits compared to the rest of the world. And who do we have to thank for that. THE AMERICAN FARMER.
We used to have the highest food standards in the world, but now that we have to feed 20 million illegals look at our food sources. Had to laugh the other day, a woman in town here bought a package of Banquet chicken and prepared it and was sitting there eating when she started investigating the piece of chicken she was chawing on and it turned out it was a head. She headed to the bathroom and blew lunch. Bought a few Oldsmobiles and Buicks.
I won't even eat out anymore unless it is an absolute necessity. Besides that I'm a smoker so I'm not allowed in those places.
Best wishes, Bill