A peek at 2013
It’s nice to be validated, especially by official sources. It means your opinion has worth and kinda makes you want to stick your thumbs in your suspenders and strut a few steps. On the other hand, being able to say;”I told you so!” isn’t always so pleasant. It usually means something unwanted has come to pass. So I have mixed feelings writing this. The report from The U.S. Department of Agriculture’s Economic Research Department is out and I was right about anticipating a larger gain in food prices in 2013 than 2012. Last year they expected a rise of 3% to 4%. This year they’re forecasting price increases of AT LEAST 5%, pending the full effects of the drought, and no reversal in the trend until 2020 at the earliest. So hold onto your hats people, we’re in for a ride. No matter your financial position, you will feel the consequences. Read more