I have a question. When did input costs matter when it comes to groceries? It's not like the farmer can say to the elevator "it cost me this much to grow the crop so I'll need this much from you". You can say it causes a shortage but if one crop is short then it only makes sense that the farmer planted something else to offset the shortage. If he plants more corn in place of wheat yes wheat will be short but corn will be in excess or visa versa. If the land sat idle then I could see it but that hasn't happened since the 1930's. Input cost don't cause groceries to go up nearly as much as market speculation. BTW the Chicago Board of Trade should be banned.
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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