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Old 03-22-2019, 03:48 PM
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Default Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are De

Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed

We have never seen catastrophic flooding like this, and the NOAA is now telling us that there will be more major flooding for at least two more months. On Thursday, the National Oceanic and Atmospheric Administration warned that “historic, widespread flooding” would “continue through May”. More than 90 percent of the upper Midwest and Great Plains is currently covered by an average of 10.7 inches of snow, and all of that snow is starting to melt. That means that we are going to transition from one of the worst winters in modern history to a flood season that has already taken an apocalyptic turn for farmers all across America. At this moment, millions of acres of farmland are already underwater. Thousands of farmers are not going to be able to plant crops this year, and thousands of other farmers that have been financially ruined by the floods will never return to farming again. This is already the worst agricultural disaster in modern American history, and it is going to get a whole lot worse.

I posted an article about this crisis yesterday, and I am troubled by the fact that most Americans don’t seem to understand the gravity of what we are facing.

Millions of bushels of wheat, corn and soybeans have been destroyed by flood waters, hundreds of millions of dollars worth of livestock have been lost, and all of us will soon be feeling a lot more pain at the grocery store.

And this would be a complete and utter national nightmare even if the flooding was all over, but the NOAA just told us that we should expect more catastrophic flooding for the next two months…

Excerpt continued here....

Reads as if we may be facing one rural mess....
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Old 03-22-2019, 05:58 PM
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Default Re: Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Ar

11 inches of snow equals between 1 and 2 inches of water.

There are almost 4 feet on top of the 4 inches of ice, here.

Snow is also called the 'poor man's fertilizer'.
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Old 03-22-2019, 06:30 PM
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Default Re: Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Ar

Want to know the markets reaction to this situation this week in the news?

For the week corn is up 5 cents per bushel, and beans are down 5 cents...

If food prices go up, it is because of articles that will justify it, and the processor or retailer will gladly take it in their profits.

We are swimming in 5 year of excess production in all the grains. 5 record or near record crops in a row...…

Beans are a dead issue unless we see a trade deal with China, and corn is not much better off. 9% of farm loans are now in trouble nationally...

Regards, Kirk
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Old 03-22-2019, 07:17 PM
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Default Re: Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Ar

Well if the OP's prediction bears out, on the bright side, it will mean a larger COLA increase in SS come next year.
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