It’s Lookin’ Like the Only Place to Get Corn Will Be On This Blog
Yep, folks, I’ve oft been accused of corny jokes, wordplays, and puns but with the drought in the U.S. heartland corn in the food stores and at the gas pumps (ethanol) will become near as scarce as hen’s teeth. This drought is so widespread, it is now extending over 26 States and even into the Canadian Provinces, and there is no doubt that it will have an impact on consumers’ wallets. Corn is now found in all processed foods whether as high fructose corn syrup or as a direct corn product, therefore, it is in great and varied demand. So if you have the space I would order a couple or three 5 to 6 gal. buckets of corn and corn meal for the larder.
Low Corn Yield to Lead to Higher Costs for Consumers
Corn Prices Headed for Record Highs as Crop Shrinks
In some areas the drought conditions are being likened to the Dust Bowl Days of the 1930’s which impacted not only consumer prices but caused mass migrations of “Okies” to the Promised Land of California, which proved to be pure hype by speculators taking advantage of other people’s misery. The novel The Grapes of Wrath gives a good account of the experiences of these Dust Bowl refugees. While I don’t think things will get quite that bad now is the time to stock up on essential corn and other basic food products.
Between inflation due to the various quantitative easing policies and scarcities like corn due to drought, prices will rise sharply especially in the fall after elections. As consumers are faced with a choice of buying food or goods retail this year will probably fall short of expectations portending a bad Christmas for these businesses.
Prepare, prepare, prepare be aware of the economic uncertainties and stock up now.
Richard of Danbury, D.S.G.