And another opinion on why food prices are rising

"J.P. Morgan says that even in the face of recent food price gains, they expect prices to move higher still over the next few months, due to low inventories and slack production. The brutal weather of recent weeks, ranging from cyclones and floods in Australia to uncommonly cold weather in the Southern U.S. and Mexico, has made the agricultural climate even rougher.

Will that have an impact on inflation? In the developed world, the answer is probably not. Agricultural staples make up a surprisingly small amount of consumer inflation measures because of efficiencies in production. The calculus for emerging markets is different. And already food and energy costs are contributing to inflation spikes in China (around 5%), Brazil (5%) and India (9%)."

So maybe its just normal market supply and demand. Maybe no gubmint plot.

I am constantly amazed by folks who think the government can't do anything right but still attribute huge comlex conspiracies to the government.
_________________________
No huevos no pollo.