Everett Griner talks about how shipping cost affects the prices consumers pay for food in today’s Agri View.
Shipping Affects Food Prices
Now anybody who reads a paper or watches the news on TV knows that vast amounts of every crop farmers grow is exported. It keeps American farmers in business. It takes a lot of big ships to transport all of those crops. Now, here is something you may not know. All of that stuff, on all of those ships, going all over the world, is very likely to cause your food bill to go up.
You see, the shipbuilding business is not building a whole lot of ships. That means the shipping cost are rising. Any industry involved in the food business, that experiences a price increase, will certainly pass that higher price along to the consumer. These higher food prices will be felt more by the importing countries. But, it will be affected here at home.
Here we go again.
Thant’s Agri View for today. I’m Everett Griner…