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How much your groceries will cost in 10 years??

timesonline.co.uk — However much you hope that the food crisis will go away, it's difficult to ignore this week's headlines warning us that the era of cheap food is over. But which of the staples in our shopping basket will be worst hit?

Who dugg this? Made popular Apr 28, 2008

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  • Clade, on 04/28/2008, -2/+41Anyone feel like this news of a food crisis just appeared out of no where like a week ago? Seems like it's something that wouldn't sneak up on you. (imagines devastatingly funny Monty Python sketch that could be made on this)
  • greenlight2001, on 04/28/2008, -1/+20So... how much WILL food cost in 2010? I don't think this was mentioned.
  • 9bpm9, on 04/28/2008, -2/+18When the U.S. Government is paying people NOT to farm their land, I really find it hard that food prices will ever increase by a large amount in 10 or 20 years.
  • bonk2k, on 04/28/2008, -1/+16Don't mean to be a grammar nazi (well kinda), but that's not a question??
  • inactive, on 04/28/2008, -2/+14I love the fact that they say "It is difficult to ignore us fearmongers..." as if that means that they have to be right.
  • KBailey1734, on 04/28/2008, -1/+13It's the end of the world as we know it.
    It's the end of the world as we know it.
    It's the end of the world as we know it and I feel fine.
  • inactive, on 04/28/2008, -0/+11It shows how quickly people respond to "disasters". Last week, nobody knew about a food crisis. Now, everyone's stockpiling rice. Same with the nation's bridges. All of a sudden, the entire country has crumbling bridges, when a few days prior, nobody gave a *****.
    http://www.google.com/trends?q=food+crisis&ctab=0& ...
    http://www.google.com/trends?q=bridge+safety&ctab= ...
  • mal1964, on 04/28/2008, -0/+9The price is insignificant, Having a job that pays high enough wages to buy them is.
  • Berkana, on 04/28/2008, -1/+10A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and careful not to damage the oil and the wine!. . .
  • peestandingup, on 04/28/2008, -0/+8We're doomed.
  • inactive, on 04/28/2008, -1/+9You make a valid point. As it is America doesn't use all of its farmable land and subsidizes--although we aren't nearly as bad with subsidies as, say, Europe.
    America is one of the most powerful, efficient farming nations in the world. If prices spike in food due to demand increases or supply decreases, we will easily pick up the slack. Of course, that doesn't help poorer nations that can't afford our food as it is.
  • badmojo1961, on 04/28/2008, -0/+7just like gasoline, groceries will cost as much as the market will support.
  • SSCrow, on 04/28/2008, -2/+9You know what would be nice?
    If we stopped expanding our population. Its really annoying. My home town was populated by only 5,000 people about 7 years ago. It has since quadrupled in both development of the area and tripled as far as the population. And its a Ski-town so its not like its affordable.
    At some point humans need to maintain a constant population across the globe for the sake of "Quality of Life"
  • peestandingup, on 04/28/2008, -0/+7Please God, don't let this effect Pop Tarts. Especially the cinnamon frosted kind.
  • inactive, on 04/28/2008, -0/+6Speak for yourself, pussy.
  • bdav87, on 04/28/2008, -0/+6IT DID! I was just at the grocery store, and the price of pop tarts rose by 29 cents since last week! Even the generic store ones.
  • Nitescape, on 04/28/2008, -0/+6It shows how a potential mega crisis could erupt in the world in no time at all.
    Or it is the media stamping to the next big story, who knows for sure.
  • MonkeyHugger, on 04/28/2008, -0/+6It's a good paper compared to the Daily Mail.
  • BridgeBurner, on 04/28/2008, -0/+6Ramen noodles 25 cents per pack...
  • Crhis, on 04/28/2008, -3/+9This can actually be a good thing in SOME cases. Obesity will go down significantly. That is the main reason why the U.S. is so obese. It is because the cost of food is so cheap and people can "afford" to be fat. I'm not lying
  • digidelia, on 04/28/2008, -0/+5wow, you're getting shafted

    10 for a dollar here
  • crinzema, on 04/28/2008, -2/+7Ethanol is increasing food prices. Explanation in next news story.
  • chemdiva, on 04/28/2008, -0/+5Along the same lines, it would be nice if the measure of a healthy economy wasn't growth. Why is it that only a growing economy is a good one? How untenable is it that we demand that population and consumption must always go up?
  • h1forlife, on 04/28/2008, -0/+5Well, bring on the soylent green.
  • Hinph, on 04/28/2008, -0/+5Well, this should at least help with the obesity epidemic. We may be hungry, but at least we will all look like American Apparel models. Hot.
  • bc289, on 04/28/2008, -1/+6It's not just ethanol. It's also the increased demand for food and oil throughout the world as China and India's middle class continue to grow.
  • daprice, on 04/28/2008, -2/+7It seems that the food industry is mimicking the oil industry. Average food and oil prices would be expected to gradually rise over time, just as they have in the past. But there is something fishy when the oil industry is raking in record profits while blaming demand and scarcity. It is a convenient excuse to increase profit margins; and as long as all the oil companies play the same pricing game, it reduces competitive pressure to lower prices.

    Now the food industry, seeing how well it worked for the oil companies, is playing a similar game. Food scarcity news just suddenly appeared in the media. It seems like coordinated propaganda to manipulate prices above normal inflation.
  • inactive, on 04/28/2008, -1/+5I'm not saying subsidies should be stopped in the US immediately or at all if the rest of the world doesn't stop... But just as you're pointing out that no one can start farming production instantly, this food "crisis" is not going to be instant either.
  • jmeskimen, on 04/28/2008, -0/+4In the last 10-20 years food prices haven't risen significantly. They have gone up, but not at the rate that inflation has. The time is nearing where they will rise, especially as the cost to produce/transport products has risen thanks to gas.
  • dreicher, on 04/28/2008, -0/+4Incorrect. Consumption can go down without any more people starving than already are...just as the overall increase in consumption hasn't lessened starving by any great deal. While caloric intake has increased worldwide by ~25% in the past 40 years, caloric intake in sub-Saharan Africa has only increased 5%. If industrialized countries curtail their consumption only slightly (nothing to the level of starvation) - food prices will revert back.
  • dannyminick, on 04/28/2008, -0/+4fast food profits will go up.
  • jakeson2, on 04/28/2008, -1/+5Wrong, entirely wrong. The truth is that government farm laws and the absurd ridiculous restrictive rules placed on working farms held the price of food artificially low. When Tiger Wood's photo on a package of Wheaties costs more than the wheat in it, or the wrapper on a loaf of bread costs more than the wheat it contains, there is a problem. A BIG PROBLEM. The facts than the posters on this site know so little about farm economics and farm expense-income tells me that our subsidized school systems have failed America. The true facts are that the subsidies you whine about was the only thing that kept us on the farm producing that cheap food, cheap food that allowed you to spend money waiting in line for a city block to buy an over priced electronic game boy or such. However, now that I have said that I will now tell you that these farm programs have also weeded out the small family farm and the farms that remain consist of many thousands of acres; acres farmed by hired labor instead of the Farmer and his family. Food won't be cheap even when farm programs cease now if the farms are big enough to tell the government what to do and when to do it like the Warren Buffett size corporations do at this time.
  • palehorse864, on 04/28/2008, -0/+4Heh, who knew a biblical quote would dugg up here. :)
  • ZephyrNinety, on 04/28/2008, -1/+4Who knows? How much will you be making in 10 years?
  • inactive, on 04/28/2008, -2/+5One million dollars!
  • inactive, on 04/28/2008, -0/+3Just like every 10-year block of time, food prices will increase.
  • eddy23170, on 04/28/2008, -0/+3wish i had time to read this article but i am busy working and trying to pay rent
  • codesuidae, on 04/29/2008, -0/+3Nope, many of us have been watching it coming for months. Try the peak oil boards (oil drum, energy bulletin) those guys are always looking for the next disaster.
  • zephyrprime, on 04/28/2008, -2/+5A substantial drop in food consumption can only be accomplished by a bunch of people starving to death. Yes, that is market forces in action but has it ever occurred to you that market forces are unacceptably harsh?
  • MonkeyHugger, on 04/28/2008, -1/+4People need to eat noob. We might see less wasted food but, smarty, with an inelastic demand for food quanitity supplied is likely to remain the same before price increases.
  • mikeyj10, on 04/28/2008, -4/+7We're screwed. The time of humans is over, long live the cockroach.
  • bdbr, on 04/28/2008, -0/+3You think Bush is driving demand in China and India?
  • inactive, on 04/28/2008, -1/+4Not really.
  • mithrasinvictus, on 04/28/2008, -0/+3That could well be, but you should use a less inflation prone currency for long term predictions.
  • SubaruPowah, on 04/28/2008, -1/+4Oh come on, that doesn't even make sense this time.
  • DrMonkeyLove, on 04/29/2008, -0/+3I have no idea what groceries will cost in 10 years. All I got out of that was that they'll cost more. Gee, you think?
  • codesuidae, on 04/29/2008, -0/+2right, screw all those bastards that don't happen to live on this side of the line we drew in the sand.
  • principle, on 04/30/2008, -0/+2I wouldn’t wary about it too much. In couple of years there will be no USA. And most of the world will be eating Soylent Green.
  • jakeson2, on 04/29/2008, -0/+2And don't forget the democrat war with FDR running the show during WW2. We had ration stamps for everything. EVERYTHING. Probably 90 percent of the posters on this site did not have a ration stamp book or food, fuel, tires, sugar, food at a restaurant, etc. What a difference, we all supported the democrat presidents war. Too bad that the democrats chose to fight our President Bush instead of the terrorists.
  • gremlinchief, on 04/29/2008, -0/+2No, I know for a fact that farmers get paid not to farm in certain areas to preserve wildlife and such nonsense. You can look it up, specifically for the state of Idaho, among others.
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