Comments on: U.S. Food Prices Set For The Biggest Increase In 20 Years. http://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: WealthBoyhttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28380 WealthBoy Wed, 27 Aug 2008 22:27:55 +0000 http://www.mytwodollars.com/?p=1621#comment-28380 Assuming that the 20 cents on the dollar net income, then yes I agree that is an excellent profit margin. If it's gross revenue then their net profit margin is likely to be considerably lower. I suspect it's probably the latter, because 20% does sound like a high net profit margin for such a competitive market. Assuming that the 20 cents on the dollar net income, then yes I agree that is an excellent profit margin. If it’s gross revenue then their net profit margin is likely to be considerably lower. I suspect it’s probably the latter, because 20% does sound like a high net profit margin for such a competitive market.

]]> By: LChttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28379 LC Wed, 27 Aug 2008 21:42:33 +0000 http://www.mytwodollars.com/?p=1621#comment-28379 20% is actually quite good in comparison to the margins on most other household goods, even Fuel/Gasoline Companies are only making a 10% margin. Gasoline Station Operators are only making $0.05 per gallon on average. And everyone bellyaches about that profit margin. 20% is actually quite good in comparison to the margins on most other household goods, even Fuel/Gasoline Companies are only making a 10% margin. Gasoline Station Operators are only making $0.05 per gallon on average. And everyone bellyaches about that profit margin.

]]> By: WealthBoyhttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28359 WealthBoy Tue, 26 Aug 2008 20:54:18 +0000 http://www.mytwodollars.com/?p=1621#comment-28359 My wife and I have been going to the farmer's market lately to cut down on our expenses on produce. Everything is fresh and less than half the cost at the grocery store. I hope that it is also putting more money in their pockets as well since we are buying more directly from the source. My wife and I have been going to the farmer’s market lately to cut down on our expenses on produce. Everything is fresh and less than half the cost at the grocery store. I hope that it is also putting more money in their pockets as well since we are buying more directly from the source.

]]> By: marcihttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28338 marci Sun, 24 Aug 2008 18:13:45 +0000 http://www.mytwodollars.com/?p=1621#comment-28338 don't get the idea that all farmers get subsidies, because they don't! Our rural county is mostly dairy herds for a famous Cheese.... there are NO subsidies going out here - and our farmers are hit by the same cost increases as others - especially the gas/fuel increases... it takes gas/fuel to feed the cows, bring in the hay, transport the hay, and get the milk to market. And while all those costs have gone up, the price the farmers are getting for their milk has Not gone up. It's tough making a living farming these days - as it always has been. don’t get the idea that all farmers get subsidies, because they don’t!

Our rural county is mostly dairy herds for a famous Cheese…. there
are NO subsidies going out here – and our farmers are hit by the same
cost increases as others – especially the gas/fuel increases… it takes gas/fuel
to feed the cows, bring in the hay, transport the hay, and get the milk to market.
And while all those costs have gone up, the price the farmers are getting for their
milk has Not gone up.
It’s tough making a living farming these days – as it always has been.

]]> By: Sunday Morning Link Love | I've Paid For This Twice Already...http://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28329 Sunday Morning Link Love | I've Paid For This Twice Already... Sun, 24 Aug 2008 14:12:26 +0000 http://www.mytwodollars.com/?p=1621#comment-28329 [...] Two Dollars:  US Food Prices Set For Biggest Increase in 20 Years.  Um… great.  [...] [...] Two Dollars:  US Food Prices Set For Biggest Increase in 20 Years.  Um… great.  [...]

]]> By: Bellenhttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28308 Bellen Fri, 22 Aug 2008 13:07:03 +0000 http://www.mytwodollars.com/?p=1621#comment-28308 Besides home gardening, including windowsill, container & sprouting, cooking from scratch is an excellent way to decrease the amount spent on food. It may also change your tastebuds. As comfort food, before Faye did not hit, I baked a pan of brownies (same recipe I've used for 25 years) and found them so sweet I froze half the batch. Now I have comfort food for the next weather disaster! Besides home gardening, including windowsill, container & sprouting, cooking from scratch is an excellent way to decrease the amount spent on food. It may also change your tastebuds. As comfort food, before Faye did not hit, I baked a pan of brownies (same recipe I’ve used for 25 years) and found them so sweet I froze half the batch. Now I have comfort food for the next weather disaster!

]]> By: Doublehttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28304 Double Fri, 22 Aug 2008 03:43:06 +0000 http://www.mytwodollars.com/?p=1621#comment-28304 It is not surprising that food costs are going up as inflation has reared its ugly head everywhere spurred on by rising fuel costs which are an expense component of just about everything that is made. Major lifestyle changes are coming and one of those changes will be more home gardens. It is not surprising that food costs are going up as inflation has reared its ugly head everywhere spurred on by rising fuel costs which are an expense component of just about everything that is made.

Major lifestyle changes are coming and one of those changes will be more home gardens.

]]> By: Davidhttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28300 David Thu, 21 Aug 2008 19:04:04 +0000 http://www.mytwodollars.com/?p=1621#comment-28300 It's pretty bad though, and that's why so many family farms are going under or having to sell out. It’s pretty bad though, and that’s why so many family farms are going under or having to sell out.

]]> By: Katehttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28299 Kate Thu, 21 Aug 2008 18:44:56 +0000 http://www.mytwodollars.com/?p=1621#comment-28299 Wow. That's scary. I'm really, really glad I decided to drastically expand our garden this year. It is indeed a good time for more of us to grow some of our own food. I wouldn't say I feel smug about it, when so many people are struggling to make ends meet. But let's say that I like the feeling of greater food security, and the satisfaction of feeding my family from our own yard, *and* the significant savings in grocery costs. It has made a huge difference for us this summer. We're hardly buying anything but dairy, pasta, and olive oil these days. It's worth remembering that those of us who grow our own food are contributing a tiny bit of aid to the rest of the population that doesn't garden, even if we don't give away our surpluses. How? Well, the law of supply and demand, remember? When I grow enough food for my family, that's a tiny bit of lessened demand on the market. If we could return to the sort of home gardening that was promoted during the World Wars (40% of all produce grown in the US was grown in home gardens), just think how much less demand there would be. It would certainly help mitigate the price increases. Wow. That’s scary. I’m really, really glad I decided to drastically expand our garden this year. It is indeed a good time for more of us to grow some of our own food. I wouldn’t say I feel smug about it, when so many people are struggling to make ends meet. But let’s say that I like the feeling of greater food security, and the satisfaction of feeding my family from our own yard, *and* the significant savings in grocery costs. It has made a huge difference for us this summer. We’re hardly buying anything but dairy, pasta, and olive oil these days.

It’s worth remembering that those of us who grow our own food are contributing a tiny bit of aid to the rest of the population that doesn’t garden, even if we don’t give away our surpluses. How? Well, the law of supply and demand, remember? When I grow enough food for my family, that’s a tiny bit of lessened demand on the market. If we could return to the sort of home gardening that was promoted during the World Wars (40% of all produce grown in the US was grown in home gardens), just think how much less demand there would be. It would certainly help mitigate the price increases.

]]> By: jim of Blueprint for Financial Prosperityhttp://www.mytwodollars.com/2008/08/21/us-food-prices-set-for-the-biggest-increase-in-20-years/#comment-28298 jim of Blueprint for Financial Prosperity Thu, 21 Aug 2008 18:32:31 +0000 http://www.mytwodollars.com/?p=1621#comment-28298 20% isn't that bad when you consider they receive subsidies and the growing cost of transportation. While I'm not saying farmers live like kings, it's not "cringe"-level sadness. :) 20% isn’t that bad when you consider they receive subsidies and the growing cost of transportation. While I’m not saying farmers live like kings, it’s not “cringe”-level sadness. :)

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