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News & Articles By Arsenio Toledo
10/19/2021
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By Arsenio Toledo
Meat prices surge by 10.5% as supply chain issues hit meat industry hard
Food prices have been on the rise in recent months due to the supply chain crisis currently gripping the United States. This has affected meat goods the most, with the latest consumer price index showing meat prices have risen by 10.5 percent since last year. This is according to the latest data from the Bureau of […]
10/14/2021
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By Arsenio Toledo
Supply chain issues, soaring food prices wreak havoc on US economy #EmptyShelvesJoe
Food prices in the United States have skyrocketed to their highest levels in a decade as compounding supply chain issues continue to wreak havoc on businesses everywhere. This is according to the United Nations’ Food and Agriculture Organization (FAO), which releases a monthly Food Price Index (FFPI) that measures “the monthly change in international prices of a basket […]
10/14/2021
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By Arsenio Toledo
Farmers hit hard as supply chain crisis causes massive shortage in machinery and parts
The pressure hitting the global supply chain has hit America’s agriculture industry hard. Farmers and ranchers all over the United States are seeing the prices of essential machinery, spare parts, packaging material, inputs and other supplies rise drastically due to mounting delays that have caused dire shortages. Kim Rominger, president and CEO of Equipment Dealers Association, a […]
09/15/2021
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By Arsenio Toledo
Food price inflation hitting world’s poorest countries the hardest
Global food prices have been climbing for over a year by now. While Americans have definitely felt a lot of pressure from the inflation, the worst effects have been felt by people in poorer and developing countries. According to the latest data from the United Nations’ Food and Agriculture Organization, food prices have risen by 40 […]
08/18/2021
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By Arsenio Toledo
Biden increases food stamp benefits by 27% due to inflation, increasing burden on taxpayers
The administration of President Joe Biden just approved the single largest increase in the budget of food assistance programs in 45 years. This 27 percent increase in aid puts even more strain upon taxpayers whose incomes have already been devastated by the Wuhan coronavirus (COVID-19) pandemic lockdowns. The increase in food assistance benefits is likely […]
07/28/2021
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By Arsenio Toledo
US companies continue increasing prices of their products, fueling record levels of inflation
Corporations in the United States are still increasing the prices of their products, fueling inflation the likes of which the country has not seen in over a decade. The price increases are occurring due to the rising costs for materials, transportation of goods and labor. To keep their profit margins, companies have to increase the […]
07/27/2021
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By Arsenio Toledo
APOCALYPTIC North American drought leading to massive crop failures
Much of Western North America is experiencing one of the most catastrophic droughts in history that could lead to massive crop failures in the very near future. As of July 20, every single state west of the Rocky Mountains and most of the states in the Upper Midwest are experiencing some level of drought. Nearly […]
07/21/2021
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By Arsenio Toledo
Americans spent $1.1 trillion on food in 2019 – but the true cost of food is actually three times larger
Americans spent more than $1.1 trillion on food in 2019. But the true cost of food is actually three times bigger. The $1.1 trillion Americans spent on food includes the costs of producing, processing, selling and purchasing the food. This price tag was included in the Rockefeller Foundation’s report titled “True Cost of Food: Measuring What Matters […]
07/08/2021
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By Arsenio Toledo
Supermarkets stocking up on food in anticipation of supply chain disruptions, price inflation
Supermarkets all over the country are stocking up on many of their food items in anticipation of a surge in food prices. Many supermarket executives are warning that the upcoming inflation might lead to some of the highest price increases in recent memory. Many supermarkets are purchasing additional supplies to keep up with stronger demand. […]
06/24/2021
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By Arsenio Toledo
Surging food prices force restaurants to increase cost of menu items
Food prices are surging in grocery stores and restaurants, hitting small businesses very hard. “They haven’t gone up. They’ve almost doubled,” said Nick Rando, owner of an Italian restaurant in Natick, Massachusetts. Rando said that in January, red meat and steak cost him $7.35 a pound. “Last week, it was $13.20 a pound.” People in Massachusetts […]
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