by Stefan Stanford, All News Pipeline:
Welcome to 2023. While the year seemed to simply fly by, by December, for Stefan and I, 2023 couldn’t get here fast enough as Murphy’s Law, where anything that can go wrong, does, became our nightmare.
The end of 2022 was a case of “when it rains it pours.” The septic tank started sending sewage water into the basement, to which Stefan ended up shutting the water off until we could get someone out here to drain it (2 days without water). Our central gas heater went, something about a motor, but using the very same ideas and tips we offered as prepping advice, here we are, warm and cozy without central heat. (Yeah for prepping!!!!!) Our dryer’s heating element went, and last but not least, below the sink flooded while I was doing dishes and didn’t realize it until my socks were soaked.
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All in December of 2022. Good riddance.
So, yes, Stefan and I are quite happen 2022 is over and 2023 has begun.
With that said, 2023 is not going to be all rainbows and flowers for America.
We are warned that food inflation is still getting worse, with a farmer from TN asserting there will be a “major food security threat,” in 2023, as we see predictions of food shortages that are expected, some the same as we have seen and some new shortages expected, as prices are also expected to continue to rise, while overall (not just food) inflation is touted as going down.
WARNINGS OF FOOD INFLATION IN 2023
In 2022 we saw food prices spike in a manner not seen in decades, with eggs rising 43 percent from October 2021 to October 2022. That is on top of the prices increases from 2020 to 2021.
In 2023, we will be seeing the affects of the nightmare scenarios that farmers were forced to deal with in 2022, specifically their costs for fertilizer, and the drought conditions towards the west, and to a lesser degree throughout the country.
The USDA (U.S. Department of Agriculture), states clearly on their website that “Food Price Inflation Pressures to Continue in 2023.”
We’ll start with the expected and predicted upcoming food inflation before getting into the shortages, which unlike 2020, aren’t represented by empty shelves, but rather a limit of options and shrinkflation, where packaging is smaller yet the prices are the same or higher.
Reuters reports that “Food inflation is set to spill over into 2023.”
Key points:
• Drought, too much rain, war and energy costs look set to curb global farm production again next year.
• Rice and wheat stores likely won’t be replenished in the first half of 2023.
• Edible oil supplies are down because of adverse weather in Latin America and Southeast Asia.
• Flooding in Australia and severe drought in Argentina will shrink key wheat harvests and availability in coming months.
• And a lack of rainfall in the U.S. Plains could dent supplies for the second half of the year.
• Rice prices are expected to remain high because of duties imposed by main exporter India.
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