Re: Food and gas prices expected to rise 6 to 9 percent.

52
featureless wrote: Sun May 22, 2022 9:52 am
CDFingers wrote: Sun May 22, 2022 8:20 am I've seen a lot of articles about wheat, that the world has about ten weeks of wheat left. Apparently Ukraine provides about one third of the world's wheat.

CDFingers
Yeppers. Russia produces a lot as well. War seems to complicate the growing, harvesting, processing, sale and distribution of food.
Yup two big wheat producers at war.

10 largest wheat producing countries.

China
India
Russia
USA
France
Australia
Canada
Pakistan
Ukraine
Germany
https://www.worldatlas.com/articles/top ... tries.html


Similar for the 10 largest potato producing countries, another staple.

China
India
Russia
Ukraine
USA
Germany
Bangladesh
France
Netherlands
Poland
https://scienceagri.com/top-10-worlds-b ... countries/

And the war has affected the price of mustard in France.
French shoppers are facing a sour sight in supermarkets this summer - no mustard. The nationwide shortage is due to a lack of mustard seeds needed to produce the condiment.

Severe drought in Canada, poor harvests in France and the war in Ukraine have combined to reduce the supplies of mustard seeds available to producers.

The price of mustard has shot up by 10% in France as a result, and some shops are struggling to restock jars. Canada, where France imports many of its mustard seeds from, was hit by drought last year that collapsed crop yields in the country's agricultural west.
https://www.bbc.com/news/world-europe-61529874
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

Re: Food and gas prices expected to rise 6 to 9 percent.

53
I guess not having a strong craving for wheat beers, I can in one way breathe a sigh of relief. Now, during the American War of 1861 this area here around Chico produced quite a bit of wheat. Before the railroad hooked up, it was shipped down the Sacramento and around the horn to the Union forces. After the war, Chico could feed the South because of the railroad.

CDFingers
Image
Image
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If I had a gun for every ace I've drawn
I could arm a town the size of Zhytomyr

Re: Food and gas prices expected to rise 6 to 9 percent.

56
sikacz wrote: Sun May 22, 2022 3:16 pm War is never good for the general population. Those with means make more money.
That’s why they were called Daddy Warbucks buy a certain cartoonist. Since we are helping the Ukraine with arms we should have the war tax scale of WWII the Roosevelt Administration applied to prevent war profiteering during the war.
In 1941 and again in 1942, Congress lowered income tax exemptions and adopted steeply graduated rates. These ranged from 13 percent on the first $2,000 of individual income up to 82 percent on income above $200,000. Gift and estate taxes were also broadened, and a graduated tax on excess corporate incomes added to the progressive nature of the tax structure, which became the highest in American history. Excise taxes on alcoholic beverages, tobacco, and gasoline rose dramatically as well.
https://www.encyclopedia.com/defense/e ... rld-war-ii
During the Korean War the Truman administration the max tax rate was 92%.

https://www.taxpolicycenter.org/statis ... -tax-rates
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

Re: Food and gas prices expected to rise 6 to 9 percent.

57
TrueTexan wrote: Sun May 22, 2022 4:59 pm
sikacz wrote: Sun May 22, 2022 3:16 pm War is never good for the general population. Those with means make more money.
That’s why they were called Daddy Warbucks buy a certain cartoonist. Since we are helping the Ukraine with arms we should have the war tax scale of WWII the Roosevelt Administration applied to prevent war profiteering during the war.
In 1941 and again in 1942, Congress lowered income tax exemptions and adopted steeply graduated rates. These ranged from 13 percent on the first $2,000 of individual income up to 82 percent on income above $200,000. Gift and estate taxes were also broadened, and a graduated tax on excess corporate incomes added to the progressive nature of the tax structure, which became the highest in American history. Excise taxes on alcoholic beverages, tobacco, and gasoline rose dramatically as well.
https://www.encyclopedia.com/defense/e ... rld-war-ii
During the Korean War the Truman administration the max tax rate was 92%.

https://www.taxpolicycenter.org/statis ... -tax-rates
Would put a damper on profiteering.
Image
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"Resistance is futile. You will be assimilated!" Loquacious of many. Texas Chapter Chief Cat Herder.

Re: Food and gas prices expected to rise 6 to 9 percent.

58
538 along with pollster Ipsos polled a panel of 2,000 individuals on the top issues with voters. #1 is "Inflation and Increasing Costs" and Reps, Dems and Independents all agreed on it.
At this point, the answer to what Americans are most worried about is pretty straightforward: inflation. In the first FiveThirtyEight/Ipsos poll,1 52 percent of Americans said the most important issue facing the country was inflation. We asked Americans this question in a variety of ways,2 but regardless of how we asked it, the top answer was always the same: inflation.
https://fivethirtyeight.com/features/we ... inflation/

They are going to sample this same group of 2000 more times until November. I do have a problem with how they grouped the categories, "crime and gun violence" are separate issues like "election security or fraud".
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

Re: Food and gas prices expected to rise 6 to 9 percent.

59
The gas price spike keeps getting worse.

The national average jumped to $4.87 a gallon on Monday, according to AAA. That's up 25 cents in the past week and 59 cents in the past month. There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the latest being Michigan and Indiana. Washington, DC, is also above $5.

New Jersey, Pennsylvania and Massachusetts are just pennies away. Georgia is the only state with an average below $4.30 a gallon. Unfortunately, prices could continue to climb. Veteran oil analyst Andy Lipow told CNN he expects the national average to hit $5.05 a gallon in the next 10 days.
Supply, on the other hand, has failed to keep up. The United States is pumping less oil than before Covid-19 began, and the market is signaling OPEC+'s increase is too little, too late. US crude jumped to a fresh three-month high of $120.99 a barrel Monday morning before backing away.
https://www.cnn.com/2022/06/06/business ... index.html

Over a week ago I paid $5.43 a gal for regular at my ARCO station in town, yesterday I topped it off and paid $5.73 a gal at the same station. Prices just keep going up.
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

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