Having "solved" the energy problem with ethanol and driving up the cost of fuel and food to the point where we can't afford them, the idiots in Congress are going to try to "solve" the housing problem (which they created in large part by the Community Reinvestment Act.)
Why won't Bob Corker and Lamar Alexander just leave us alone!!
HERE is a brief summary of food inflation over the last year.
|
| May | May | Percent | |
| Field Crops | Unit | 2007 | 2008 | Change |
| Barley | Bu | $3.12 | $4.76 | 52.56% |
| Beans, Dry Edible | Cwt | $3.08 | $5.06 | 64.29% |
| Corn | Bu | $3.49 | $5.12 | 46.70% |
| Cotton | Lb | $0.44 | $0.61 | 37.95% |
| Flaxseed | Bu | $7.08 | $16.60 | 134.46% |
| Hay | Ton | $138.00 | $166.00 | 20.29% |
| Lentils | Cwt | $13.20 | $32.70 | 147.73% |
| Oats | Bu | $2.49 | $3.46 | 38.96% |
| Peanuts | Lb | $0.18 | $0.20 | 12.29% |
| Peas, Dry Edible | Cwt | $10.10 | $16.40 | 62.38% |
| Potatoes | Cwt | $7.95 | $9.21 | 15.85% |
| Rice, Rough | Cwt | $10.00 | $15.00 | 50.00% |
| Sorghum | Cwt | $6.49 | $9.18 | 41.45% |
| Soybeans | Bu | $7.12 | $12.30 | 72.75% |
| Sunflower | Cwt | $16.60 | $27.40 | 65.06% |
| Wheat | Bu | $4.88 | $8.80 | 80.33% |
| Source: USDA/NASS - Ag Prices Received | ||||
