It isn’t going to be inflation per se that raises the prices on agricultural products. The heat domes and droughts, to say nothing of the floods, are going to take a toll. If the food doesn’t grow, it’s not there to be bought—-at any price. 1/3 of the world’s canned tomatoes come from the California central valley. Acres are being plowed under because tomatoes are a water-intensive crop and in the heat and the drought choices have to be made as to what gets water.
It isn’t going to be inflation per se that raises the prices on agricultural products. The heat domes and droughts, to say nothing of the floods, are going to take a toll. If the food doesn’t grow, it’s not there to be bought—-at any price. 1/3 of the world’s canned tomatoes come from the California central valley. Acres are being plowed under because tomatoes are a water-intensive crop and in the heat and the drought choices have to be made as to what gets water.