Update: 11/13/21 Please Take Note: Satan Soldiers Have Weaponized The People Food Supply
US Food Banks Struggle To Feed Hungry Amid 'Perfect Storm' Of Food Inflation
America's largest food bank struggles to feed people amid a perfect storm of surging food prices and supply chain woes.
Katie Fitzgerald, COO of Feeding America, a nonprofit organization that operates more than 200 food banks across the country, told AP News that her network of food banks is already stretched thin due to the unprecedented demand spurred by the virus pandemic downturn in the economy last year. She warned that it has become more difficult for her organization to absorb food inflation, resulting in fewer families being fed this holiday season.
Supply chain disruptions, lower inventory, higher transportation and fuel costs, and labor shortages make matters worse for food banks that millions of people rely on. She said her organization has already swapped out smaller-sized food products or entirely substituted some to stretch the dollar further.
Fitzgerald said soaring food inflation is an "insult to injury" for families who depend on food banks.
Michael Altfest, the San Francisco Bay Area director, the Alameda County Community Food Bank in Oakland, said the food bank spends an additional $60k on food per month and is spending $1 million a month to distribute 4.5 million pounds of food.
Altfest said in pre-COVID times. The food bank was spending a quarter of the money to distribute 2.5 million pounds of food. He pointed out prices for canned green beans and peaches are up 9%, canned tuna and frozen tilapia up more than 6%, 5-pound frozen chickens rose 13%, and oatmeal jumped 17%.
New people are showing up every week at the Shiloh Mercy House food pantry in east Oakland despite President Biden promoting his economic success and "build back better" plan.
Soaring food inflation is hurting families: "And a lot of people are just saying they can't afford food," Jason Bautista, the charity's event manager, said.
This comes as consumer prices on Wednesday rose to their highest level in decades. Prices for meats, poultry, fish, and eggs rose 11.9%, with the sub-index for beef increasing 20.1% and the index for pork rising 14.1%, its most significant 12-month increase since the period ending December 1990.
Oakland resident Sonia Lujan-Perez, 45, pays $2,200 in monthly rent and has no money left to feed her family. She frequents local food banks because food prices have skyrocketed over the past year.
Lujan-Perez said the food bank "is wonderful for me because I will save a lot of money." This Christmas would be "rough" for her two children because she won't afford gifts.
Biden's next political nightmare has already arrived: food inflation. Real wage gains are being wiped out as the cost of everything soars. The souring mood for the president is showing up in polling data.
The Biden administration attempted to counter rising food inflation for the working poor by announcing an increase in the Supplemental Nutrition Assistance Program, or SNAP, to more than 40 million beneficiaries in August. This means the average monthly benefit increased more than $36 per person, but even that has failed to satisfy the stomachs of millions of hangry Americans.
There's also another problem. Bryan Nichols, vice president of sales for Transnational Foods, which delivers to 100 food banks associated with Feeding America, said sourcing canned food from Asia has become more complex as shortages due to port congestion have materialized. He also said importing canned food from overseas has become incredibly expensive because shipping containers rates have gone from "$4,000 to $18,000" in less than a year.
In Southern Colorado, Care and Share Food Bank's CEO Lynne Telford explains the cost of food products is going through the roof.
Telford said, "the cost for a truckload of peanut butter —40,000 pounds has soared 80% from June 2019 to $51,000 in August. Mac and cheese is up 19% from a year ago, and the wholesale cost of ground beef has increased 5% in three months."
She said her organization is spending more money to make up for the lack of donations, and her other fear is that there won't be enough food for the holidays.
"The other thing is that we're not getting enough holiday food, like stuffing and cranberry sauce. So we have to supplement with other kinds of food, which you know, makes us sad," said Telford, whose food bank fed more than 200,000 people last year.
The data from food banks underscores what many poor working Americans already know. Some of the highest inflation in decades is crushing their budgets as they can barely afford to survive. Such pain in the wallet is making them hangry, coming off a demoralizing pandemic, threatening Biden and the Democrats ahead of midterms next year.
Power Grid / Energy Scarcity and Accelerating Spike Protein Fatalities Occurring Among the Vaccinate… Food Prices Hit Highest Level in a Decade, Food Has Been Weaponized, Satan Soldiers Are Godless… Food prices across the world have risen to their highest levels in a decade...
In October, global food prices continued climbing higher for the third straight month, hitting fresh decade highs, led by vegetable oils and cereals. Higher food costs contribute to more inflationary pressures for the working poor, central banks, and governments.
The UN's Food and Agriculture Organization's food price index, which tracks a basket of food commodities, averaged 133.2 in October, up 3.9 points (3%) from September and 31.8 points (31.3%) from October 2020. The index has risen three consecutive months and is now at a new decade high (could hit record highs in 2022).
World vegetable oil and cereal prices were the two biggest movers in the index. Edible oils jumped 9.6% on the month to set a record high. Cereal prices rose 3.2%, within the basket, wheat jumped 5%.
A combination of bad weather in the Americas, higher shipping costs, and labor shortages have disrupted global food supply chains. The latest energy crunch has sent fertilizer prices sky-high and will increase food prices in 2022.
"The issue with the inputs and fertilizers and its implications for next year's crop is a concern," said Abdolreza Abbassian, a senior economist at the UN's Food and Agriculture Organization.
"By now, the market has factored in most of the supply and demand issues. But the market has by no means factored in next year's prospects in production," said Abbassian.
He warned: "We cannot afford a bad year in 2022 for important crops." This has reignited memories of food price spikes a decade ago which caused unrest in emerging market economies. SocGen's Albert Edwards first warned that soaring food prices could contribute to socio-economic destabilization right before the virus pandemic began.
Already, we've reported food inflation and shortages have hit supermarkets, not just in emerging markets but also in the developed world. In the US, Mondelez CEO Dirk Van de Put told CNBC Tuesday that Oreo cookies, Ritz crackers, and Sour Patch Kids will be more expensive next year. There's been chatter that Nabisco, PepsiCo, and Coca-Cola will be raising prices, and Kraft Heinz has told consumers that they must get used to "higher prices."
Consumers are spending more on food than a year ago. Some have blamed President Biden for the inflation eating away their real wages as polling numbers for the president sink.
The Virginia governor's race was a wake-up call for Democrats that Biden's "Build Back Better" plan is not working. People are starting to get irritated as inflation appears not to be "transitory."
Food Weaponized
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Food Prices Hit Highest Level in a Decade, Food Has Been Weaponized, Satan Soldiers Are Godless…
Food prices across the world have risen to their highest levels in a decade on the back of tightening supply conditions coupled with robust demand, according to the Food and Agriculture Organization of the United Nations (FAO).
The FAO’s food price index, which measures world food commodity prices, has surged by 32.8 percent in the 12 months through September, coming in at a reading of 130 points, a level not seen since 2011. On a month-over-month basis, the index rose 1.2 percent.
Accounting for the bulk of the rise in the index were higher prices of most cereals and vegetable oils.
The FAO vegetable oil price index was up 60 percent in September from a year earlier, and 1.7 percent higher than in August. The cereal price measure was up 27.3 percent over the year last month, and 2 percent from August.
Dairy and sugar prices also rose in September by an over-the-year 15.2 percent and 53.5 percent, respectively, while the meat price index was up 26.3 percent above its year-earlier level.
While much of the inflation story has been focused on surging energy costs and products affected by the semiconductor chip shortage such as used cars, rising food cost signals are increasingly flashing red.
As the U.S. economy rebounds, packaged food companies are grappling with inflation, with Conagra Brands Inc. saying on Oct. 7 that it would increase prices again on its frozen meals and snacks.
Conagra said it was facing rising costs of ingredients including edible oils, proteins, and grains, forcing it to increase prices on frozen goods by 3.5 percent and on staple meals by 3.3 percent.
Food-makers General Mills, Campbell Soup, and J.M. Smucker also have raised wholesale prices in response to rising ingredient and freight costs.
Pork and beef prices have surged in the past few months, while the Labor Department’s August inflation report showed that meat, poultry, fish, and eggs were up 8 percent over the past year and 15.7 percent from prices in August 2019, before the pandemic. Beef prices jumped 12.2 percent over the past year, and bacon was up 17 percent during the same period.
Experts say increasing energy costs around the world could exacerbate the problem.
“It’s this combination of things that’s beginning to get very worrying,” Abdolreza Abbassian, senior economist at the UN’s Food and Agriculture Organization, told Bloomberg in a recent interview. “It’s not just the isolated food-price numbers, but all of them together. I don’t think anyone two or three months ago was expecting the energy prices to get this strong.”
Food price inflation is also driving up consumer expectations for future price increases.
The New York Fed’s August survey of consumer expectations showed that Americans anticipate food prices to rise by 7.9 percent in a year, higher than the overall inflation expectation of 5.2 percent.
Federal Reserve officials have repeatedly characterized the current bout of inflation as “transitory” though they have increasingly expressed concern about the risk of a de-anchoring of inflationary expectations. That’s where confidence in the “transitory” narrative falls and people start to believe and behave as if inflation will be far stickier than previously believed, impacting wage and price-setting behavior and potentially even sparking the kind of upward wage-price spiral that bedeviled the economy in the 1970s. Source: ZeroHedge HNewsWire HNewsWire
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NBC Is Building A Trump Normalization Machine Joe Scarborough, Megyn Kelly, Trump’s Celebrity Apprentice Connection, And Maybe Greta Van Susteren.
NBC will have a machine ready to normalize him. Morning Joe host Joe Scarborough is cozying up to Trump, the network is literally paying Trump through Celebrity Apprentice, and MSNBC is reportedlyin talks to hire Greta Van Susteren, normalization effort at NBC begins at the top. MSNBC’s prime-time voices like Chris Hayes, Rachel Maddow, and Lawrence O’Donnell are resisting efforts to normalize Trump. But it’s unclear whether they can win that fight with the leading voices at MSNBC and NBC News pushing the other way. All Original Content Copyright ©2017 hnewswire.com All Rights Reserved. “All Original Content Copyright ©2017 hnewswire.com All Rights Reserved. “hnewswire.com”, “hnewswire.com”, and the “hnewswire.com” logo, are Trademarks of the hnewswire.com – All Rights Reserved.”, “hnewswire.com”, and the “hnewswire.com” logo, are Trademarks of the hnewswire.com – All Rights Reserved.
Source: HNewsWire HNewsWire ZeroHedge Reference
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Remember, the first people Hitler put in concentration camps weren't the Jews. The first people were the intellectuals, because if you take the intellectuals and the doctors off the street, if you stop people from talking, you can control the people.