Great Famine About To Begin Due To Food Shortages, Inflation

[G.L.R.]

A Great Famine About to Begin in America Due to Food Shortages, Farms Running out of Chicken

May 20th, 2021

At  this point, shortages of everything from microchips to potato chips are  forcing American businesses to adjust to higher prices and supply  shocks, while consumers are forced to pay higher prices at the store.  And while high commodity prices (which have come off their highs in  recent days as lumber, oil and iron prices declined) have retreated in  recent days, we noted that these shortages are expected to last a long time. One  reason is that high prices are good for producers, and it's too  expensive for many companies to build out new production capacity right  now. This dynamic is contributing to a looming chicken wing shortage in  the US, which might remind some of the bacon-shortage hysteria that has  occasionally gripped the US in the past... Sanderson  Farms, the third-largest poultry producer in the US (whose engineering  firm likely recommended them to suspend plans for plant expansion  because prices on everything from lumber to steel to concrete to plastic  to copper to machinery to labor skyrocketed, making building  unaffordable) has decided that it will pass on expanding its operation  despite surging demand for its product that has put it on the cusp of  running out of chicken wings...  Without expansion, the nation's third largest poultry plant can't take any new orders:

Meanwhile, everyone from the White House to the Fed  has downplayed blistering  inflation in commodities as 'transitory.' However, it's only now where  hyperinflating prices are beginning to affect the recovery by pausing  commercial construction builds.  We urge readers to read the transcript  from Warren Buffet's address to shareholders earlier this month who warned: "We see very substantial inflation."  Clearly,  the world Buffet lives in is much different than the clueless career  economists of the Fed Reserve and White House propagandists who act as  everything is just fine."The costs are just up,  up, up. Steel costs, you know, just every day, they're going up," Buffet  told shareholders earlier this month. Of course, producers' reluctance to expand is a product of the same topsy-turvey markets inspired by the alliance between the Fed and the Treasury, that has stuffed the economy full of cheap money, making it more profitable for workers to stay at home, and more advantageous for producers to simply accept higher prices for their products - until the next plague shuts down the economy again, forcing another round of stimulus.
 

Third Largest US Chicken Producer Runs Out Of Chicken Wings | ZeroHedge
https://www.zerohedge.com/markets/not-good-time-build-new-us-chicken-plant-shelved-amid-soaring-costs

A Great Famine is about to Begin in America due to Food Shortages as Farms Running out of Chicken
https://www.eutimes.net/2021/05/a-great-famine-is-about-to-begin-in-america-due-to-food-shortages-as-farms-running-out-of-chicken

[G.L.R.]

 Expect more violence around these places...

Ma Chicken Matters!

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