Couldn’t resist chiming in on this one. For those of you that are a step or three removed from agriculture: you ain’t seen nothing yet.
The increasese in prices you’ve seen at the grocery store are almost entirely due to increased transportation costs at this point. Agricultural inputs have gone through the roof. It is costing more and more to produce food. When the effects of everything that is happening at the farm level today reaches the grocery store, (sometime over the next 12 - 18 months) you will be shocked.
I am not a survival nut. I consider myself to be a calm, rational person. I am not a hoarder by nature. But I did open this thread because this very topic was on my mind.
The article was essentially investment advice. Interest rates at banks are much lower than the rise of certain commodities. By purchasing items that you normally use in larger quantities you are hedging against inflation. If Rice goes up 30% then it’s worth it to buy it versus the interest earned at the bank. Unfortunately, many of the items that will rise are not long term pantry items (meat, dairy). Rice, flour, corn meal, sugar, pasta, lentils, cooking oil, and beans, can be stored for long periods. It doesn’t pay to stock food that you’re not going to use that has a practical expiration date.
I try to keep a couple of month’s worth of food in one form or other and I buy items that are on sale that I know I’ll use. Cake mix, soups, common cooking ingredients like canned tomatoes, beans, etc…