Most of the livestock feeds have gone up about 50% in the last year.
Tractor Supply warned last week of big price increases on the horizon due to "worldwide grain shortages".
Goat feed just went up 17% in ONE WEEK.
I know most of you are thinking, "I don't eat goat" or "I'm a vegan". But goat feed has the same ingredients as other livestock feed. I'm not suggesting that vegans are livestock, but the theme here is that some farmed goods are getting scarce and more expensive.
So while you may barely notice increases in food prices now, the food producers are getting hit with them hard, and those costs will be passed onto consumers later this year or in 2023.
In the short term, good for the consumer because farmers are liquidating animals because they can't afford to feed them.
In the longer term, bad for the consumer. Some of the ranchers in Texas are liquidating their breeding stock.
Tractor Supply warned last week of big price increases on the horizon due to "worldwide grain shortages".
Goat feed just went up 17% in ONE WEEK.
I know most of you are thinking, "I don't eat goat" or "I'm a vegan". But goat feed has the same ingredients as other livestock feed. I'm not suggesting that vegans are livestock, but the theme here is that some farmed goods are getting scarce and more expensive.
So while you may barely notice increases in food prices now, the food producers are getting hit with them hard, and those costs will be passed onto consumers later this year or in 2023.
In the short term, good for the consumer because farmers are liquidating animals because they can't afford to feed them.
In the longer term, bad for the consumer. Some of the ranchers in Texas are liquidating their breeding stock.