Russia just announced it is stopping all wheat exports for the rest of the year.
China is stockpiling food — by mid-2022, they will hold 69% of the world’s corn reserves, 60% of rice reserves, and 51% of its wheat, experts say.
American farmers are working hard to fill the gap — but fertilizer prices are skyrocketing. They could go up 80% this year, according to a Texas A&M economist.
And then there’s Biden’s gas price increase. The cost of getting food to your grocery store keeps going up, too.
It’s a triple-whammy for food prices: Less food in the international markets, higher fertilizer costs and higher transportation costs.
Analysts say there’s no way around it: Food prices are going up.
Fortunately, there’s one way to lock in food at today’s prices — and provide a safety net if things get worse.
Yes, things could get worse. For the first time in a long time, nuclear war is a possibility. Then, there are “normal” things that can disrupt supply chains: Cyberattacks. Power grid failure. Calamitous weather.
It’s time to wonder:
Can we go a week without going to the grocery store?
What if it were a month?
Or 3 months?
Or 6 months?
Looking at the crazy state of the world, you’ve probably put some money away (and hopefully, some gold and silver).
But have you put some long-lasting food away for when things get worse?
The Gateway Pundit
You will keep him in perfect peace, whose mind is stayed on You, because he trusts in You.
Trust in the Lord forever, for in God the Lord we have an everlasting rock. (Isaiah 26:3-4 Modern English Version)