Thursday, June 26, 2008

Hold onto your a*s, Congress is going to "solve"

another problem.

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