Butterballs Warns of Possible Turkey Shortage for Thanksgiving
The problem is not a lack of turkeys, but a lack of people to process and ship them. One farmer who raises 60,000 turkeys per year needs 100 temporary workers to process them, but he has only seven.
Wholesale Prices Increasing Faster than CPI
Earlier in the week, we reported the CPI was up 5.4 percent. Today, we see that wholesale inflation in September was up 8.6 percent compared to last September. That means consumers will see even more inflation as manufacturers and distributors raise prices to cover their expenses.
Continue reading “Prepper News Update, October 15”
Power Bills Predicted to Jump up to 54 Percent this Winter
The first major snowstorm hit the Rocky Mountains north into Montana, leaving from a foot up to 28 inches of snow, closing highways and delaying travelers. The cold weather is bad news for people’s heating bill. The Associated Press reports that the government expects heating bills to be up to 54 percent higher this year than last. The 54 percent increases is expected to hit people who heat with propane, followed by heating oil (a 43 percent increase) and natural gas (30 percent). Those who rely on electricity will see the smallest increase, below 10 percent.
CPI Shows 5.4 Percent Inflation
Let’s keep in mind that these numbers are artificially low compared to the way CPI was calculated 40 years ago. So inflation is probably closer to 7 to 10 percent higher. Either way, it’s going to get worse. For a myriad of problems. This article gives the annual increase in a rage of items so you can see why inflation feels higher than 5.4 percent.
File Under “Don’t Say we Didn’t Warn You”
In this article on the new energy crisis, the Washington Post points out that some power plants in India are about to run out of coal, so we can add demand in India to that in china and Europe. They also report that in Asia, the spot price for natural gas jumped from $5 for one million BTUs in September 2020 to $56 this month. That’s a helluva jump.
Grocery Shopping Will Never Return to Normal
According to CNN, the pre-pandemic days of full shelves at the grocery store and plenty of food are gone for good. The y even used the phrase “Before Times” with the initial capitalization, like we are in the “End Times.” I kind of like “Before Times.” It sounds like something the survivors would say in a dystopian future. Hey, wait a minute….
Continue reading “Prepper News Update for October 11”
Manufacturers Blame Government for Supply Chain Problems
Tariffs, lockdowns, and other government policies contributed to and continue to exacerbate the supply chain issues, according to this article in Reason.
“The idea that an economy could be indiscriminately shut down and turned back on without far-reaching consequences, as if a light switch or lawn mower, is utterly damnable,” charges economist Peter C. Earle. “It could only come from the mind of an individual, or body of individuals, with no understanding of or consideration for the extraordinary interdependence of the productive sector.”
U.S. May Experience Winter Blackouts Due to Fuel Shortages
As we warned earlier, it’s not just the European markets that may have energy shortages and blackouts. U.S. energy producers are worried about fuel shortages and rising costs, all because of the side effects of a headlong rush to embrace green energy. Coal miners are in short supply and some mines are offering starting salaries of $100,000 to attract candidates.
When your house is cold and dark this winter, remember to thank Joe Biden, Bernie Sanders, the squad, and the other liberals who attacked fossil fuels but failed to have a replacement that was ready for prime time.
Costco Joins List of Companies Renting Container Ships
Costco has charted three container ships and leased thousands of containers to bring products into the U.S. This should help them better manage rising shipping costs and keep prices low.
It’s Not Just California: Other Ports Also Backed Up
The supply chain SNAFU extends beyond California. New York is backed up and the Port of Savannah has a backlog of 20 to 26 ships.
Continue reading “Prepper News Update October 1”
Rising Fertilizer Prices to Boost Food Costs
Fertilized prices are reaching a point not seen in a decade, which could translate to higher food costs as farmers seek to recoup their spending by raising prices. Because soy beans and grains are used to feed livestock, this will impact meat prices, too. This article on Yahoo News, which originally appeared in Bloomberg, details the many things that are driving up the cost of fertilizer, from storms in the Gulf Coast to government sanctions.
UK Faces Multiple Problems Due to Natural Gas Shortage
The UK is experiencing an energy crisis, high natural gas prices, gasoline rationing, rising fertilized prices, and a CO2 shortage, and it is caused by bad political decisions. This is important to U.S. readers because the same thing could happen here. For example, laws designed to generate green energy could cause power outages, gas shortages and other problems.
When government interferes with free markets, there are always unintended consequences.
Continue reading “Prepper News Update September 24”
Cold Winter Predicted for most of U.S., Canada
The 2022 Old Farmer’s Almanac’s editor says “This coming winter could well be one of the longest and coldest that we’ve seen in years.” Yes, it’s an almanac, not a weather bureau, but can you afford to ignore such a warning? Maybe I should get another cord of firewood…
Online Prices Rise for 15 Months Straight
Inflation is affecting more than groceries, cars and lumber. A new report shows that online prices have risen an unprecedented 15 months in a row, with apparel seeing the largest jumps (15.5 percent in one year). When online sales first started, they helped drive prices down. That is no longer the case.
Continue reading “Prepper News Update for September 17”
Food prices, energy prices, even producer prices are increasing. We’re in for some ugly economic times ahead.
Food Prices Rise Again
According to this article on CNBC, food prices continue to rise and the Biden Administration is unsuccessfully trying to stop them by using antitrust laws. The price increase, however, are not caused only by monopolies, but by supply chain disruptions and transportation costs. Plus, any student of history knows that laws controlling prices exacerbate shortages rather than relieve them.
Producer Inflation Rises a Record 8.3 Percent
The prices producers pay for goods and services jumped 8.3 percent between August 2020 and 2121, the most since creation of this data point. Producers either have to absorb the costs, which means lower profits, or pass them on to the consumer in higher prices. Most pick a point in the middle until economic pressures force them to raise consumer prices. Higher producer inflation is a sign that the inflation you and I see in the stores is not going away.
Continue reading “Prepper News Update for September 14”
Shop Now for Christmas – September is the New December
“A lot of families are not going to be able to get the toys they want” this year, according to the CEO of a toy manufacturer. As we reported yesterday in our post about looming shortages, shop now if you want to get something specific for Christmas. Otherwise, Santa may strike out. This article gives some interesting bits of news: Amazon and Home Depot are chartering their own cargo ships to bring in goods, and publishers are being affected by paper shortages, delaying some book release dates.
It’s Happening Again: Americans are Stocking Up on Toilet Paper
Thanks to Delta, retailers are once again struggling to stock enough toilet paper and paper towels, even as manufacturers ramp up, according to this article from the Wall Street Journal. Clorox says it expects to be able to keep up with demand for its popular wipes and sprays only after significantly increasing capacity.
Continue reading “Prepper News Update September 4: September is the New December”
Parts Shortages Caused Product Backlogs
This article addresses how supply chain disruptions are affecting downstream manufacturing:
“Shortages of mechanical parts, commodity materials and electronic components containing semiconductor chips have been disrupting manufacturing across multiple industries for months.
“Companies determined to keep factories open are trying to work around shortages by producing what they can, at the same time rising customer demand has cleaned out store shelves, dealer showrooms and distribution centers. As a result, manufacturers are amassing big inventories of unsold or incomplete products such as truck wheels and farm tractors. Companies that are used to filling orders quickly now have bulging backlogs of orders.”
If they stop manufacturing goods, they have no hope of ever catching back up, so many companies are letting partially manufactured equipment pile up in the hopes of adding chips and other missing parts when they are finally available.
Continue reading “Prepping News Update: Today’s Topic is Shortages”