Fourth generation farmer and president od the National Black Farmers Association John Boyd Jr. appeared on News Nation’s On Balance with Leland Vittert show on Monday and warned that food shortages are coming. He said that the high prices we are seeing at the grocery store now will soon be replaced by empty shelves.
“People are going to see the rising cost of food in their local grocery stores in the coming month,” Boyd Jr. warned.
“Farmers are feeling the pinch from high cost of diesel fuel and fertilizer, truckers are feeling the pinch and you have a certain region in the world that’s not planting crops at this time in Ukraine, so there’s going to be a shortage of wheat and commodities that they’ve been producing there, as well,” he explained.
News Nation reports:
While the Federal Reserves’ plan to raise interest rates — a blunt tool that risks a recession if used too aggressively — is supposed to remedy a fast-rising inflation, it’s also souring sentiment for shoppers across the country.
And it goes far beyond the gas pump: Eggs are up 32 percent, poultry is up 16.6 percent, milk is up 15.9 percent and fats and oils are up 16.9 percent, Axios reports. Overall, the cost of food is up about 12 percent — the largest increase since 1979.
Boyd went on to explain food staples such as corn, corn syrup and soybeans are all the types of products local farmers produce daily, which, in turn, help place the major products on shelves that shoppers are accustomed to seeing. Inflation, however, makes these deliverables more difficult.
“For so long, we’ve enjoyed lots of food in this country, so we’ve never ever faced a food shortage and I think that’s coming in the coming months,” Boyd concluded.
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