Food prices up! Should you start loading up the pantry?
Categories: Places to go, In the news
Last night my husband and I stopped by the grocery store to pick up diapers and orange juice. While we were there, Sean thought we should stockpile some grains and a few other items in the basement in light of rising food prices and recent news that Costco and Sams Club were restricting purchases of rice and other grains. "Weird stuff is happening.", he warned. The optimist that I am, I laughed and chalked up the hoarding to paranoid senior citizens and immigrants. Remember all the Y2K paranoia that amounted to nothing? We left the store with diapers, OJ, and three other impulse items.
This morning, in the Wall Street Journal, there's an article titled: "Load up the Pantry". To my chagrin, it makes a good case for Sean's advice at the grocery store. Just as $2.00 a gallon at the pump is a "rosy memory of a bygone age", recent higher food prices are here to stay and likely to go even higher.
Why? The emergence of a Chinese and Indian middle class demanding more and better food; this demand will only increase. In addition, our ethanol policy (something our politicians need to seriously deal with!) is making corn more expensive, thus increasing the price of cereals and other corn and packaged products. Now add to that rising fuel and transportation costs.
So, the article argues, if you have extra storage space, why not load up? Plus, buying in bulk has the added benefit of saving you money anyway.
What is your family doing to deal with rising food prices?
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Reader Comments (Page 1 of 1)
kate 4-25-2008 @ 8:10PM
Rachel, I'm not sure how long your growing season is up in northern WI. We're down in Madison, and are lucky to have a share in an organic farm (CSA). So we'll get a box of veggies every week for 25 weeks starting next month. We'll also receive eggs every week. This morning on Today they were discussing how high vegetables could go this summer. I'm so glad we made the investment this year. We've already paid, and received a $200 discount from our insurance company. I wish I had my own garden, but can only manage a couple of tomato plants. We don't drink a lot of milk--mainly soy milk, so I'm not as worried about rising milk prices. I guess we'll just do what we can to support our local farmers. :)
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Debbie 4-28-2008 @ 5:58PM
"The optimist that I am, I laughed and chalked up the hoarding to paranoid senior citizens and immigrants"
Immigrants tend to hoard? News to me. This seems a little ridiculous and apropos of nothing.
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mary 5-01-2008 @ 4:34PM
I agree with you Debbie. Aren't her parents immigrants or did they turn American as soon as she married white boy Sean?
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Sandyone 5-04-2008 @ 7:50AM
As the daughter of immigrants, Rachel should know how immigrants act, no?
mary 5-04-2008 @ 9:01AM
All immigrants act this way? Any time you make sweeping generalizations about a group it is wrong! I am an immigrant and a daughter of immigrants and we would never do this. Again it's the sweeping generalization that is wrong!
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