Food Shortages Are Here Cargill CEO Ditches ‘Team Transitory’, Warns Of Persistent Food Inflation – Cargill Care About Cargill’s Bottom Line, NOT Humanity Ability to Feed Their Families Cargill CEO David MacLennan has changed his mind about “transitory” inflation and now believes it will be more persistent with higher food prices in 2022. He blamed elevated food prices on snarled supply chains, labor shortages, and adverse weather conditions, among other things. MacLennan highlighted that labor shortages are a significant challenge for the food industry. He said food processing plants across the country operate at less than full capacity, which drives down food output and prices higher as demand remains robust. “I thought inflation in ags and food was transitory. I feel less so now because of continued shortages in labor markets,” MacLennan said during an interview at the Bloomberg New Economy Forum in … Continue reading Satan Soldier Biden’s New Plan To Tackle Rising Food Prices — Hide in His Basement