Bye - Bye Water and your Food Supply. A portion of the Cypress Creek arm of Lake Travis was among the areas of the lake left completely dry by drought. |
Corn Crop Failure - The Media misses the real point of mass starvation
- The USA has anywhere from a 14 to 30 day supply of food on hand.
- The world is one harvest away from disaster.
- If our crops fail who will send us food? . . . no one, because there is no extra food.
As usual the Media misses the main point of many of the stories of the day.
The TV crews have been running around the nation for photo-ops showing dead crops and farmers going broke. Then they speculate on the prices ag products.
But the real story is there are no food reserves around the world. It is not unusual for droughts to last 10 - 20 - 30 years or more. What happens to Americans if there are crop failures lasting for years?
Currently the US is crucial to global food markets as the world's largest exporter of corn, soya beans and wheat, accounting for one in every three tons of the grains traded on the global market.
There is no extra food in the world. If America is short of food there will be no one to help us.
Even the US agriculture secretary focused on prices not supply. His comments pushed corn prices even higher when he said the situation was not bad enough to warrant a reduction in government quotas for biofuels, specifically ethanol, which is typically made from corn and is a factor in keeping prices high.
Ruth Kelly, Oxfam's food policy adviser, said: "The toxic combination of a heatwave in the US, which is decimating corn harvests, and the unwavering global demand for biofuels, is again pushing the price of basic food stuffs higher and higher."
Got Food? - With the drought starvation could happen
What happens if there are repeated major crop failures over a period of years?
Wheat supplies would come under pressure if the corn crop got much worse, as wheat would be used to feed animals instead of corn. If we have even more disastrous results on corn, the pressure on wheat will increase, with prices rising much further. The likelihood then is that high wheat prices will spill over into rice.
When in doubt buy guns and gold. |
Although global wheat stocks are not low, there are growing concerns over production due to erratic weather conditions in Russia.
Hussein Allidina, head of commodities research at Morgan Stanley, said: "The Russian wheat harvest is in full swing and flash flooding in the south is temporarily limiting exports and stoking quality concerns."
The concern then is if Russia starts worrying about domestic supply of wheat it may limit exports, driving prices even higher. (UK Guardian)
Niger facing famine disaster
No food and less hope.
Food Supplies are Low
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U.S. corn stockpiles are poised to be the smallest in 16 years and soybean reserves will be lower than the government expected, potentially accelerating food-price inflation in an election year.
The U.S. Department of Agriculture says that corn inventories on Aug. 31 will be 37 percent lower than a year earlier at 715 million bushels. Soybean stockpiles will be 242 million bushels, down from a March prediction of 275 million, the survey showed.
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