Scarcity Is Reality: Food Prices Double in 3 Years

I don’t want to be a Debbie Downer, but is anyone else completely freaked out about the economic state of the world? I have dozens of bookmarks of articles and news items but am never sure if I should share them or not. Anyway:

Soybean prices up 87% in the past year.

Wheat up 130%.

Philippines is having to borrow rice from other countries.

World Bank is warning 100 million people could be pushed into poverty.

Protests in Cameroon, Senegal, Mauritania, Haiti, Indonesia.

I’m not even going to touch oil prices right now.

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About Andy Wibbels

Andy is an award-winning blogger and author of the book Blogwild! A Guide for Small Business Blogging. His work has been featured in The Wall Street Journal, USA Today, Entrepreneur, Wired, Business Week, Forbes, and other national and international media. He was worked at several San Francisco startups including Get Satisfaction, SAY Media, InMobi, Keas, and Mindjet. Currently, Andy is Director of Marketing at Lucidworks. Tw · Fb · G+ · Li

One thought on “Scarcity Is Reality: Food Prices Double in 3 Years

  1. Ron

    I published a series of articles on surviving a recession that might help. But, you are correct, the price of everything is rising.
    I haven’t reached a panic stage because my wife and I started shopping at Walmart about 2 months ago. Our grocery bill kept going up so we tried the new Super Monster WalMart that was just built in our area. We save, on average, about $20-$30 per week versus the grocery store we were so loyal to.
    Just so you know, I don’t work for WalMart 🙂

    Reply

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