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On the news today

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  • sk_wheatking
    Senior Member
    • Sep 2011
    • 898

    On the news today

    Meat and poultry shortages on the way with big price increases for consumer's! What next.
  • Austrian Economics
    Senior Member
    • Feb 2020
    • 365

    #2
    If the meat plants wind up going bankrupt, it will get even worse. It takes a lot of capital to restart these facilities and ramp them up once they shut down. Right now capital is getting in short supply as the government diverts it to for the purpose of paying people not to work.

    Comment

    • fjlip
      Senior Member
      • Oct 2002
      • 9775

      #3
      Milk dumped but price goes up? Potatoes in farm storage not being used due to shut down of restaurants and fast food!
      Are EGGS the only bright spot? Oh ya, flour demand up, heard the mill in Saskatoon working double shifts, baking at home?

      Comment

      • malleefarmer
        Senior Member
        • Nov 2005
        • 5424

        #4
        Some items were restricted here toilet paper pasta bread flour milk all getting lifted as ofmay1

        Comment

        • 15444
          Senior Member
          • Feb 2000
          • 2112

          #5
          Originally posted by Austrian Economics View Post
          If the meat plants wind up going bankrupt, it will get even worse. It takes a lot of capital to restart these facilities and ramp them up once they shut down. Right now capital is getting in short supply as the government diverts it to for the purpose of paying people not to work.
          Packers certainly not going bankrupt when they are making $1k per carcass. Bigger plants in US are grossing over 1/2 mil US$ every day they run.

          Comment

          • farmboy1
            Member
            • Jul 2002
            • 91

            #6
            Cheap food policy means that they got it wrong. Processor consolidation worked until lately. No matter the commodity, we have lost our local processing processing capacity and now we have nothing to fall back on. What does the future hold? A certain amount depends on the consumer to support local industry.

            Comment

            • AlbertaFarmer5
              Senior Member
              • Oct 2010
              • 12465

              #7
              Originally posted by farmboy1 View Post
              Cheap food policy means that they got it wrong. Processor consolidation worked until lately. No matter the commodity, we have lost our local processing processing capacity and now we have nothing to fall back on. What does the future hold? A certain amount depends on the consumer to support local industry.
              I am optimistic that the pendulum of excess regulation that pushes the smaller operators out of business, or off shore, has finally swung too far, and will now start to come back thanks to COVID showing the weaknesses in our system.

              Comment

              • agstar77
                Senior Member
                • Jul 2001
                • 6154

                #8
                TP rush is over must mean pandemic easing up.

                Comment

                • sk_wheatking
                  Senior Member
                  • Sep 2011
                  • 898

                  #9
                  Originally posted by agstar77 View Post
                  TP rush is over must mean pandemic easing up.
                  Can they keep it in stock now? I haven't been to the store much in the last while but any one you go to the shelves were empty. Pretty much any paper product for that matter.

                  Comment

                  • agstar77
                    Senior Member
                    • Jul 2001
                    • 6154

                    #10
                    Originally posted by sk_wheatking View Post
                    Can they keep it in stock now? I haven't been to the store much in the last while but any one you go to the shelves were empty. Pretty much any paper product for that matter.
                    Costco has lots.

                    Comment

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