As spoiled Seattlites pump up the Prius, something ominous is sneaking into the bread bin. The Seattle P.I. coyly reports this with Soaring grain prices affect many food costs in which we learn that consumers of bread aren't giving in just yet:
Cherie Hughes, 35, goes to the Metropolitan Market in Lower Queen Anne specifically for Silver Hills brand wheat bread. She found it a couple years ago while she was on the South Beach Diet and said that even if prices increase, she'll keep buying it. "Unless it goes to $6 a loaf," she said. "I've got to have my toast in the morning. The price increase isn't good, but it's at the point where I'm going to buy what I'm going to buy."Well, cowboy up, Cherie, because that's where it's going:
At the same time, the American crop is shrinking because of federal incentives to grow corn for ethanol. Rising gas prices make it more expensive to get wheat to market. Those same pressures have made it more expensive to supply feed grains for livestock.Given the new enviro religion that makes ethanol into the wine for its communion, how long will it be before this weird wine makes it necessary for US to go into foreign lands in search of a source of wheat for our "artisan" communion bread? And if we do will these same Prius owners and wheatberry munching believers take to the streets screaming, "NO BLOOD FOR WHEAT!"
Somehow, it gets my doubtings.
But how high can the price of bread go under a managed market government? Well, there's an example at hand today:
The word is out: The Spar supermarket has bread at only $7 million a loaf. People rush to the shelf duly marked $7 million, but by the time they reach the till with their hyper-inflated Zimbabwean dollars, the price is up to $25 million. -- Mugabe Fights for His Political LifeI can see how you might get $7 million into a Prius, but if you're going to get $25 million, we're going to need bigger bills. Posted by Vanderleun at March 28, 2008 10:00 AM | TrackBack
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