More bad news for food prices.

[Bearman202]

Well, nobody around here got a corn crop worth talking about this year, most of the great plains were flooded, and they're using more corn for fuel production than for cattle feed. There has been a drought in the southwest to the point that a lot of ranchers are selling off their herds because they won't be able to feed them over the winter. It's to the point that they're having people steal hay because of the price now. That's just in the U.S. Now, for other news:

http://www.physorg.com/news/2011-10-asia-rice-bowl.html

What's this going to mean for food prices next year? It's getting scary out there folks.

[Urban Survivalist]

I talked to a farmer here in AZ and he said most of his corn died before producing any mature corn. He ended up selling what he could for feed and plowed under the rest. Bad year down here so far for crops. Alfalfa is ok but the price is way up.

[rockriver]

30 days without rain in my area.
a friend visited and gave me all kind of warnings that my fruit trees are
in real danger.

[kihnspiracy]

Food will definitely be going up in price. With the hay and alfalfa going up in price, beef prices are going to increase also.

[Ruthmary]

http://www.physorg.com/news/2011-10-asia-rice-bowl.html

This is an article talking about the rice crops in Asia being flooded out this year. Perhaps it means a rise in rice prices. What do others think?

[Bearman202]

The part that concerns me the most is that there are over a billion people involved over there. A large part of the world already pays over 50% of their income for food. In the case of Asia, rice is a staple, much like wheat is here. A meal isn't a meal without it. i.e. it' s not just the price, it's the availability. What are they going to do if they can't get it? Anybody know what kind of surplus storage they maintain? In the same line, I remember reading a story about rice coming out of China that wasn't rice. It was some kind of plastic crap that had been coated. i.e. ZERO food value. White rice doesn't have a lot of food value anyway, since it's all starch. They remove the husk, which contains the actual minerals and vitamins, much like we do with wheat before making bleached white flour. (Most Asians consider brown rice to be pig food.) Anyway, what's going to happen if a) they can't afford it, or b) there isn't any? This could make our banking problems look small. I know it's all related, but it looks a lot like the perfect storm coming together here.

[ANVIL]

Virginia, had a good crop of corn. I know that is not near enough to make up for the lost crops in other parts of America. But it dos help.

[1Admin]

It's definitely not getting any cheaper any time soon. I wonder how much can be blamed on the weather and how much is actually resulting from the dollar devaluation?

[thedreamers]

My mother called me up about a week ago an told us to keep an eye on things that contain peanuts cause they had trouble to.

[GAGLOCK]

Get your peanut butter! Peanut butter prices expected to go up 25-30% soon. Droughts hit hard and also many farmers decided to plant cotton instead of peanuts because of the high cotton prices.

Not many months ago peanut butter was regularly on sale 10 for $10 in my local kroger. Now it's on sale for $1.79 and going up fast. Still a great thing to stock up on cause it's a great (still inexpensive) source of fats and protein with a decent shelf life.

[Hawk_308]

Yep some pretty good talk of some nice peanut contracts next year . If I was still farming I would be checking for seed .

[rockriver]

i ate breakfast yesterday with some farmers. one lost his entire crop. it was cotton, not food. but
he put all he had into cotton. he didn't have irrigation. no rain.
he just plowed it under, and will try again next year.
i think buying food and storing it would be a very good idea.
i need to also.
rr

[tired-medic]

I have seen peanuts planted here where cotton or beans is normally grown. Irrigated fields seemed to have a great yield. I suppose the farmers here that grew them took a gamble that paid off.

[thedreamers]

Now its all over the news about the peanut crop shortage and prices started to jump today for peanut butter. As much as 40% for jiff, peterpan raises tomorrow they say. Glad we stocked up. Hope everyone did before hand.

[wipeout]

I've smoken with a number of different elevators this fall and yields were down across the board. Total tons were way below last year in the midwest.