Saturday, May 10, 2008

World Wheat Storage Drama

Would you like to know a really interesting fact? Let me tell a story to illustrate it.

Once upon a time in the future, we had a major world food crisis. War was going on, and life was not pretty. We needed food to survive and could not grow it ourselves. So? We took the world wheat supply and rationed it out to everyone. (Those who had wheat allergies could share their ration with whomever they chose.) You only got a little over 2 pounds of wheat. WHAT??!?!?! TWO POUNDS!!?!?! How are you going to live on 2 pounds? The world wheat reserves are not what they should be, they won’t last us very long if we each had to live on just over 2 pounds of wheat. How do you feel about that?

I just read a news brief from a few days ago saying that we should have a larger wheat crop this year than last year, but don’t expect prices to drop too much. Prices will be moderated, probably. The article suggests that prices will not collapse. That is good because costs of production has increased a lot. And a lot of countries most likely will be wanting to develop more of a strategic reserve than what they have, so should be considerable buying from them - particularly if prices moderate.

What is the moral of the story? Don’t count on your government to bail you out - they do not have the food reserves. Maybe you want to become better friends with neighbors and divide the food storage responsibilities. (I’ll get the grain, you get the fats, someone else get the…. and so on.) Or if you are able, get your food storage ready - you never know when you are going to need it.

2 comments:

Aaron said...

I'll bring the accounting knowledge? LOL. It'll take math skills to divide all the stuff out, so maybe that's where I can help.

Jamie said...

Great idea, Aaron. Someone will have to do that job. (I'm not sure I want it to be me. I'm glad you are willing.)

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