Foods Prices Continuing Upward Climb

Not that you necessarily have the wiggle room in your household budget, but it looks like you'd better plan to allocate more and more money to food expenditures.

Please click on the title below to view the article. There are many significant factors that point toward higher prices near term and beyond. (I'd be remiss if I did not point out the logic in this kind of market in locking in today's prices with long-term storage food.)

‘Panic Buying’ in the Grain Markets
Agriculture Sector Developments
by Joseph Dancy, LSGI Advisors, Inc. January 4, 2008

Excerpt:

In summary, we have record low grain inventories globally as we move into a new crop year. We have demand growing strongly. Which means that going forward even small crop failures are going to drive grain prices to record levels.

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