I had been planning a post regarding the ever increasing food prices when Suzannah over at Southern Belle Prepper sent me an email with a link to the article below.
Please read the following article and I will have comments following.
Photo: Courtesy of The Obsessive Shopper.net
- By Kenneth Schortgen Jr, Finance Examiner
- April 7th, 2011 1:17 pm ET
- Original post located at: http://www.examiner.com/finance-examiner-in-national/prices-at-lds-canneries-show-inflation-for-food-up-between-11-and-49
Price inceases on April 4th at the LDS canneries show inflation up between 11 and 49% for many basic food staples. These rise in prices are a strong barometer for the overall economy since the LDS facilities are usually the last to raise prices for their communities, which provides food in bulk that they can collect through their vast networking operations.
According to the new price list from April 4th, many food staples have increased by more than 20% since the last price list came out just 3 months ago on January 3rd.
Beans. Black 13.69%
Beans, Pinto 12.13%
Beans, White 11.88%
Milk, Non Fat Dry 25.00%
Wheat, Red/White 44.54%
Apple Slices 24.53%
Oats, Quick 48.90%
Oats, Regular 49.19%
Potato Flakes 33.33%
Beans, Refried 27.72%
Cocoa Mix 40.69%
Fruit Drink Mix 26.20%
LDS churches and organizations have long been at the forefront in preparedness for families and communities. As one of the wealthiest corporations in the world, their network of companies and church affiliations allow them access to cheaper food sources, and the capacity to store them for long periods of time through their canning facilities.
As the government and Federal Reserve continues to tell the American people that inflation is low, and contained by their monetary policies, the real barometer of inflation in the economy comes from the grocers, markets, and institutions that deal with food sales and production, and must monitor prices daily as commodities continue to climb.
The LDS’s raising food prices at their canneries by 11 to 49% in just three months should be a serious wakeup call to all Americans on the true inflationary conditions that exist in our economy, and that we need to constantly look outside government reports for the true data affecting our spending and finances.
Just today I heard on the radio that the local school system is getting ready to announce a large increase in the cost to buy school lunches due to the severe increases in food prices. One school official mentioned that in just the last month their food costs have increased over 3%.
Over the past month I have made several trips to the grocery store and have been shocked at some of the prices – as well as packaging changes that manufactures make in order to maintain their profit margins. Sales have been less impressive as well. On my last trip I spent $80.00 and didn’t even come close to filling my shopping cart. I did have mostly “meal foods” such as chicken and hamburger – but just couldn’t believe that my $80.00 bought so little.
The rise in prices at the LDS canneries certainly are telling. With rising fuel prices ($3.65 per gallon in my area) as well as the aforementioned food prices – family budgets are taking quite a hit. The economy is hard enough to deal with and this doesn’t help matters at all.
I listen to a lot of talk radio, watch the news, read many Internet blogs and website – as well as monitor several YouTube Channels. From all of these I can see that there are many people – including me – that are fearful that some really tough times are ahead – and possibly sooner than we all realize.
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