The article below is from Rumor Mill News. The flood of 2019 will bring much higher food prices and shortages sometime this year. Good read. It might time to get rid of any possible 'normalcy' bias.
AGRICULTURAL APOCALYPSE that will have severe, long term repercussions
STOCK UP ON BEEF NOW, IT IS TIME TO CLEAN THE FREEZER AND FILL IT. Governor Ricketts of Nebraska has stated that over a million calves are dead in his state due to massive and unprecedented flooding that drowned the herds. Obviously more than calves were lost, a lot of adult cows were lost also, along with other livestock and the fastest possible recovery from this will be 4 years. It is too early to know if the growing season is canceled but it appears it may be, growing can be recovered in one season if the timing is right, the loss of cows is what is bad with all of this so far.
I was paying attention to this but waited until it was a real confirmed disaster. The dam break in Nebraska was a low dam that only caused an initial 11 foot wall of water, which quickly dropped to 7 feet but it moved quickly and destroyed a lot. Despite the fact that it was surprisingly destructive, that alone was not enough to worry about. The dam break is not the big part of the story, instead, there are numerous levees breaking simply because there is so much water runoff that they are being over-topped. It is not negligence causing the levee failures as much as it is more water than anyone ever imagined would happen. There is so much water that much of Nebraska looks like an inland sea. All the cattle in these types of areas are dead.
Let me give an example of what is going to happen to food prices:
Cash for Clunkers only destroyed 2 million prime used vehicles, and the market never recovered. Used cars are STILL far more expensive than they used to be 10 years ago. That was only about 5 percent of the used car market erased to cause such an enormous increase in price. It is estimated that some crops such as corn, wheat, and soybean will not be planted at all, and that livestock got 40 percent wiped out. Food prices are going to be catastrophic and the FIRST PEOPLE FED are those who are already receiving Trump's meal boxes.
Meat prices will probably at least triple or quadruple because of this, and grain prices are likely to at least double (they won't be hit as bad) because grains can be imported easily, IF there is a supply of them that others are willing to sell to the U.S.
Another factor in all of this is going to be soulless profiteering by corrupted CEO's of major food distributors. They are going to see this as an opportunity to make astronomical profits.
To remove first post, remove entire topic.
The article below is from Rumor Mill News. The flood of 2019 will bring much higher food prices and shortages sometime this year. Good read. It might time to get rid of any possible 'normalcy' bias.
AGRICULTURAL APOCALYPSE that will have severe, long term repercussions
STOCK UP ON BEEF NOW, IT IS TIME TO CLEAN THE FREEZER AND FILL IT. Governor Ricketts of Nebraska has stated that over a million calves are dead in his state due to massive and unprecedented flooding that drowned the herds. Obviously more than calves were lost, a lot of adult cows were lost also, along with other livestock and the fastest possible recovery from this will be 4 years. It is too early to know if the growing season is canceled but it appears it may be, growing can be recovered in one season if the timing is right, the loss of cows is what is bad with all of this so far.
I was paying attention to this but waited until it was a real confirmed disaster. The dam break in Nebraska was a low dam that only caused an initial 11 foot wall of water, which quickly dropped to 7 feet but it moved quickly and destroyed a lot. Despite the fact that it was surprisingly destructive, that alone was not enough to worry about. The dam break is not the big part of the story, instead, there are numerous levees breaking simply because there is so much water runoff that they are being over-topped. It is not negligence causing the levee failures as much as it is more water than anyone ever imagined would happen. There is so much water that much of Nebraska looks like an inland sea. All the cattle in these types of areas are dead.
Let me give an example of what is going to happen to food prices:
Cash for Clunkers only destroyed 2 million prime used vehicles, and the market never recovered. Used cars are STILL far more expensive than they used to be 10 years ago. That was only about 5 percent of the used car market erased to cause such an enormous increase in price. It is estimated that some crops such as corn, wheat, and soybean will not be planted at all, and that livestock got 40 percent wiped out. Food prices are going to be catastrophic and the FIRST PEOPLE FED are those who are already receiving Trump's meal boxes.
Meat prices will probably at least triple or quadruple because of this, and grain prices are likely to at least double (they won't be hit as bad) because grains can be imported easily, IF there is a supply of them that others are willing to sell to the U.S.
Another factor in all of this is going to be soulless profiteering by corrupted CEO's of major food distributors. They are going to see this as an opportunity to make astronomical profits.
Not a bit of this will happen, I predict. Just beef for example:
Beef is expected to trade at 10.40 BRL/Kg by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 10.15 in 12 months time.
I predict the Midwest will dry up. I predict storms and tornadoes to be next. Then I predict heat and droughts. Then I predict hurricanes. Then I predict wildfires. These will be 100% dead-on. They always are. The issue is the market has these factored in — usually, to a certain extent.
This is bad, very bad, for the farmers and cattle ranchers who prefer to keep doing their farming and ranching in flood-prone areas — no doubt about it.
I, also, predict we will bail them out — once again.
But unless this is extra-prolonged or repeated, unexpectedly, then we will continue on.
We will rebuild in the flood-probe areas — again. Because the rewards usually out-weigh the risks. Florida is a great area we have realized for growing citrus. But we know it can have an early season freeze. But, usually, we balance it out.
This is a disaster — but by no means a reason to hoard for the end-of-the-world coming apocalypse.
Not a bit of this will happen, I predict. Just beef for example:
Beef is expected to trade at 10.40 BRL/Kg by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 10.15 in 12 months time.
I predict the Midwest will dry up. I predict storms and tornadoes to be next. Then I predict heat and droughts. Then I predict hurricanes. Then I predict wildfires. These will be 100% dead-on. They always are. The issue is the market has these factored in — usually, to a certain extent.
This is bad, very bad, for the farmers and cattle ranchers who prefer to keep doing their farming and ranching in flood-prone areas — no doubt about it.
I, also, predict we will bail them out — once again.
But unless this is extra-prolonged or repeated, unexpectedly, then we will continue on.
We will rebuild in the flood-probe areas — again. Because the rewards usually out-weigh the risks. Florida is a great area we have realized for growing citrus. But we know it can have an early season freeze. But, usually, we balance it out.
This is a disaster — but by no means a reason to hoard for the end-of-the-world coming apocalypse.
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