Be ready, food prices will be going up again. Let’s face it, any natural disaster directly impacts our food prices. Even though these storms may have happened a while ago and in an area far from home, they can still have an effect on us for months and even years. Below, you will learn about why food prices will be going up due to the storms in the midwest.
Food Prices Will Be Going Up
Due to flooding back in May and the unprecedented October blizzard that dumped massive amounts of snow on millions of acres of crops from Colorado to Minnesota, farmers fear a widespread crop failure and a record low harvest for 2019.
Even if the weather is perfect from now until November 1st, we are still expecting massive crop losses.
Because of all the rain and flooding earlier in the year, farmers already had delays in getting their crops planted. They were relying on good weather at the end of the season so the crops could fully mature. Unfortunately, that didn’t happen.
What does a massive crop loss mean? It means that food prices will be going up! When we have crop loss, there is food loss. With this loss, we don’t have enough food for everyone. To compensate for this, food prices rise. It’s the law of supply and demand.
What Crops Are Facing Crop Loss?
Most crops found in the midwest are corn crops and soybean crops. The fact that we will have corn and soybean crop loss could be devastating in the United States. Please only buy products that are non-GMO. I’m begging you. Make sure you look to see where your food is coming from. Most soy and corn are GMO.
Soybean production in Michigan is at a 31% reduction from last year and is the lowest since 2008. Almost all soybeans are processed for their oil. Soybean oil is used in cooking, frying foods, salad dressings, and mayonnaise.
Additionally, foods are packaged in soybean oil, and baked goods such as crackers, cakes, and cookies have soybean oil in them. This means that foods that use soybean oil will increase in price.
In addition to soybean oil being used for human consumption, we also use soybean crops to feed livestock. The high protein fiber in soybeans is toasted and prepared into animal feed.
Soybeans essentially feed pork, poultry, cattle, and other farm animals. This means food for animals will increase as well, and thus the cost of meat will increase as a result.
Corn crops are essential to our survival. This is because corn is the second most plentiful cereal produced for human consumption. Corn is a versatile crop, which means everything on a corn plant is usable. Nothing on the corn plant is wasted.
Husks are used for tamales, kernels are ground into food, the silks are used in medicinal teas, and the stalks become animal food. You can find cornstarch in just about anything on the grocery store shelf. With corn crop loss we are facing a devastating decline in what will be available to us.
How High Will Prices Rise?
Right now, we don’t know. What we do know is that no matter what, food prices will increase. However, how much will depend on the weather in the midwest from now until November 1st, so time to prepare is running out.
In addition to the storms in the midwest, China has lost 50% of its pork production due to swine fever. So, to give an example of how high prices could soar, here is what we are already seeing in pork prices: Pork prices are reported to have jumped in the United States by 84% since last year.
Can you imagine if other food prices jump up 84%? This is a possibility as two of our major crops for food consumption have been drastically affected.
These prices won’t go down for some time. We will have to wait at least until the next harvest (hopefully it will not be as devastating as this year) to see our prices reduced.
5 Reasons Food Prices Will Be Going Up
This year’s storms in the midwest are going to drastically impact our food prices, but the midwest storms are not the only causes for food price increases. Knowing these 5 causes of food price increases will help you to be better prepared for food shortages across the country.
#1 High Oil Prices
How do we get our food? Most food gets transported great distances before it hits our grocery stores. When gas prices go up, food prices increase. This is because they have to make up for the increase in the cost to deliver it.
#2 Climate Changes
Whether it is like the storms in the midwest or the effect of climate change elsewhere, the climate and related weather patterns affect our crop production and the desired harvest. When we have crop loss, there isn’t enough food to go around. This means food prices drastically increase.
#3 Government Subsidizes Corn Production
When the government decides to subsidize corn production for biofuels, it takes corn out of our food supply. As you saw above, much of our food, including the meat we consume, is based on corn production.
This means food prices will increase. Currently, we use 40% of corn crops to make ethanol which is up 6% from 2000.
#4 More Meat Consumption
With fad diets, such as the Keto and Adkins diets, people are eating much more meat than they used to. This means we need more feed for the livestock. It takes more grain to feed the animals for meat-based meals. The higher demand for meat means both higher grain and meat prices.
#5 World Trade Organization Limits
Sometimes, the World Trade Organization limits the amount of subsidized corn and what that country can globally stockpile. The U.S., European Union, and other developing countries have subsidized their agricultural industries for some time now.
This means farmers get an unfair trade advantage. This limits the amount of food available in a shortage. Thus, food prices increase.
If you hear about any of these types of situations, it is a good idea to start stockpiling your own food. I started my monthly food storage products delivery again a few months ago from ThriveLife. It’s all about being prepared before we need to be, right?
Food Prices Will Be Going Up: How to Prepare
It is hard enough to make it from one week to the next as it is, but when food prices increase there will be an even bigger struggle to put food on the table. This is why it is always important to be prepared with stockpiles of food and water.
You never know what can happen. We never know what financial strain could be placed on you and your family. You also never know if the food will even be available to buy. Check out my articles below to find out how you can start preparing for food shortages:
- Food Storage Secrets You Need to Know
- Food Storage Tips
- Survival and Emergency Food Storage
- The Right Food Storage
- 100 Low Budget Meals
Additionally, you can check out our monthly posts on what to plant and what to stock up on each month of the year! Here are couple of current posts to get you started:
You never want to be without enough food to feed your family. Whether it is a natural disaster, a food shortage, or another unforeseen event, being prepared is crucial to your survival. Don’t forget to keep a few can openers on hand.
Food prices will be going up due to the storms in the midwest and many of us are not prepared. Let this turn of events get you in the mindset of preparedness going forward. Thank you for being prepared for the unexpected. May God bless this world, Linda