|Picture source (AP)|
|Picture source (Reuters)|
The general public doesn't know much about the price swings that farmers regularly confront - right now the price that farmers get for their corn is less than 50% of what it was a few years ago, for instance - but the price of corn chips hasn't decreased at all, and in fact, I can't recall when I've seen commodity prices going down reflected in any retail prices at all.
But if commodity prices go up there's no waiting. the price of food goes up instantly. I look at situations like this in the EU and when I do I see actions that make the situation that the farmers are facing pretty obvious to the public. I'm sure that if I had a pitched battle between riot police and flaming hay on my street I'd remember it... but our battles in America aren't waged that way, at least not any more. The price of what you're growing drops 50%? Too bad; maybe the next guy will have more luck.
|(Image source Reuters: Jacky Naegelen) 1,000 tractrors flood paris|