Thursday, August 18, 2022

"37 Percent Of U.S. Farmers In The Western Half Of The Country Are Killing Their Own Crops"

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"37 Percent Of U.S. Farmers In The Western Half 
Of The Country Are Killing Their Own Crops"
by Epic Economist

"Thousands upon thousands of U.S. farmers are killing their own crops while ranchers are still selling off their herds at a staggering pace as extreme weather conditions continue to wreak havoc all across the nation. As a result, food production in the U.S. is rapidly declining, and current supplies are getting increasingly tighter, which indicates that a food crisis is now brewing in the world's wealthiest country. In fact, all around the globe, agricultural production is going to be below expectations in 2022. Consequently, we will all be paying much more for food in 2023, and millions of people who live in critical areas will face hunger or be victimized by starvation in the coming months. In some parts of Africa, that's already happening, but Americans haven’t heard about this because the mainstream media isn't showing it on the news. That's why we've been extensively covering this rapidly growing global food crisis lately. This crisis is a really big deal, and it isn't just going to hit poverty-struck nations. Here in America, all of the food that is not being grown in 2022 will cause immense economic pain in 2023, and that's what we're going to expose today.

A new study published by The American Farm Bureau Federation on Tuesday revealed that all the states that produce almost half of the food we consume in the U.S. each year are now being absolutely devastated by the worst multi-year megadrought in 1,200 years. The organization also conducted a survey to know how U.S. farmers are faring during this drought, and their discoveries were extremely alarming. Farmers noted that this year’s dry weather conditions are taking a harder toll than last year’s, with 37% of them saying that “they are plowing through and killing existing crops that won’t reach maturity because of dry conditions.”

The same survey also exposed that ranchers are still being forced to sell off their cattle herds earlier than normal as water sources dry out and animal feed costs explode. In Texas, ranchers reported the largest reduction in herd size, down 50%, followed by New Mexico and Oregon at 43% and 41% respectively.

In Oklahoma, beef producers are warning that cheap ground beef is set to eventually top $50 per pound. Thanks to a shortage of hay and feed, skyrocketing prices for farming equipment, rising transport costs, and various other metrics, average beef prices are already about twice what they were in 2019. But could you imagine paying 50 dollars for a pound of ground beef?

Even now, industry executives are saying that U.S. consumers are seeking cheaper alternatives as meat prices go through the roof. On Monday, Tyson Foods CEO noted that “inflation-weary shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the grocery store”. The meat processing giant highlighted that “demand for chicken is extremely strong,” while demand for its higher-priced cuts of beef has softened. Unfortunately, our leaders are not taking this crisis seriously. A catastrophic global famine is coming, and it’s safe to say that it will turn the entire global economy upside down. At this point, the only thing we can do is to get prepared. So we hope that all of you are taking action while there is still time to do so."
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