It’s well known that farmers will have to pay more to produce this year’s crops. Farmers attending this week’s American Farm Bureau Federation’s annual convention want to know how long the input price hike will last. Read the full article from Successful Farming here: https://www.agriculture.com/news/crops/an-end-date-to-higher-fertilizer-prices-is-unknown-afbf-economists-say
Conagra Brands Inc. projected gross inflation during fiscal 2022 would be approximately 11%. The company now is predicting it will be closer to 14% for the fiscal year and is taking steps to mitigate the impact. The steps include incremental pricing actions, including list price increases, and modified merchandising plans. Click here to view the full article.
Shipping Companies Had a $150 Billion Year. Economists Warn They’re Also Stoking Inflation
Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything. Read the full article from bloomberg here: https://www.bloomberg.com/news/features/2022-01-18/supply-chain-crisis-helped-shipping-companies-reap-150-billion-in-2021
The lie of “expired” food and the disastrous truth of America’s food waste problem
Maybe you know the routine. Every so often, I go through my refrigerator, check labels on the items, and throw out anything that’s a month, or a week, or maybe a few days past the date on the label. I might stop to sniff, but for my whole adult life, I’ve figured that the problem was obvious — my jam or almond milk or package of shredded Italian cheese blend had “expired” — and the fix was simple: Into the garbage it goes.
Read the full article from Vox here: https://www.vox.com/22559293/food-waste-expiration-label-best-before
USDA Announces Increased Funding to Support School Meals and to Help Continue Serving Healthy Meals to Kids
From the United States Department of Agriculture:
WASHINGTON, Jan. 7, 2022 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced an adjustment in school meal reimbursements to help schools continue to serve children healthy and nutritious meals. This move will put an estimated $750 million more into school meal programs across the nation this year, making sure federal reimbursements keep pace with food and operational costs, while ensuring children continue to receive healthy meals at school.
Grocery store shelves across America are wiped clean, and they're staying empty as stores struggle to quickly restock everyday necessities such as milk, bread, meat, canned soups and cleaning products. Click here to read the full article from CNN Business: https://www.cnn.com/2022/01/11/business-food/grocery-store-shelves-empty/index.html
Empty shelves have returned at supermarkets as grocery employees call out sick and truckloads of food arrive late. To read the full article from CNBC, click here: https://www.cnbc.com/2022/01/11/empty-grocery-shelves-return-as-sick-employees-supply-chain-delays-collide.html
Grocery stores still have empty shelves amid supply chain disruptions, omicron and winter storms
The new year hasn't stopped ongoing food shortages. Read the full article at USA Today here: https://www.usatoday.com/story/money/shopping/2022/01/12/shortage-grocery-store-empty-shelves/9178100002/
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