Posted by Tim Stobbs on April 3, 2008
It always surprises me how people can over look the obvious. Reporters have been saying for the few months that food is the next great investment since wheat prices are through the roof. So now they realize that means we will be facing food inflation.
To be honest I had no idea that there had been food riots and I didn’t notice the price increase until just recently on my last monthly food shopping trip. A 10 kg bag of unbleached white flour was $7 last month now is listed at $10.50. That’s almost a 50% increase in price.
Well that sucks and I can hope it will be a short term thing, but I fear it will be a longer problem than people realize. Why? It has to do with how we grow our food. You see our agriculture style used in most of the world is all about maximizing production, which requires then the most energy and resources to produce. By maximizing production we end up over working the soil and drying it out. Then toss in global warming which is shifting rainfall and causing more extreme weather as well as the high price of oil to move the food once you grow it. I can see use see us stuck with higher prices for a while to come.
So how do you fight that? Well perhaps it is a good time to think about a garden in your backyard or container gardening. You won’t be able to grow enough wheat to cover your own flour usage, but if your saving a bit on your food bill you can hope to offset some of the other increased costs. Another option would be to check out your local farmer’s market. Since the food is produced closer to where you live you can often get a better deal since transportation isn’t such a large part of the cost. Then there is the best idea of all to reduce your bill: cut back on your meat consumption.
Well that’s a few ideas from me. How do you plan on fighting food inflation?