Quote:Very good answer.

 

Here is another thought.  Eventually prices on basic goods will go up too high and the result will be businesses closing or farms folding up.  It hasn't happened yet... but look at the prices of beef.  It's more expensive now than it has ever been.

You would think so, but I don't think that will ever happen...I am from Idaho originally, all my family still lives there, the price of gorceries continue to climb in every market, but I frequently compare grocery prices here in Pa to prices in Idaho...

 

Here in Pa. where I live, hamburger is the nearly the same price per pound as a Tbone steak is in Idaho...Hamburger is nearly $5 a pound here...it climbs steadily every couple weeks...One decent Tbone is $ 18 +/- a few pennies...One whole chicken is $13 and climbing, one family pack of chicken wings is $13 or more...When gas goes up the meat prices increase (due to more fuel costs to deliver) but when fuel goes down, the price doesn't decrease...

 

The point here is people HAVE to eat, and will find a way to buy food...Even when the prices are high, people still buy food...People may not buy things such as premium steaks, but they still buy meat...A 4-5# chuck roast is $25 which is an extreamly high price to pay but again, people still have to eat...

 

There will never be such a surplus of food that the law of supply and demand will mandate a mass reduction of food prices...

 

Another point is, whave you looked at where the food in the grocery store is coming from? Very few fruits and vegetables are grown in local areas, most are from Central America with most of our own nation's fruit and veggies being sold internationally...I see beef from Austrailia, Mexico, Canada, and very few American suppliers

---