Sam's Club/costco Limiting Rice Sales

[bdc30 0]

Read this article today http://www.msnbc.msn.com/id/24278083/Long story short, Sam's Club & Costco are limiting bulk sales of rice due to stockpiling and rapidly rising prices.With food riots happening now in third world countries, gas prices skyrocketing, the housing market in shambles, etc etc, am I the only one who thinks that people should be taking these things more seriously than they seem to?Any of the stock market players care to comment on the potential for a crash?

[Nimue1995 1]

I think it will get worse before it gets better. Guess I'll have to pick up some rice today.

[chrozzo 19]

i dont even like rice

[Suited_Up 2]

As long as there's no potato famine.

[outsider13 0]

Isn't sake made from rice? Poor Japan.

[grocery_mony 8]

Yikes. The economy is gonna tank alot further than I first thought. When the economy was just fine people werent saving they were actually going further into debt. Now with gas prices and food prices continuing to skyrocket and jobs shrinking its gonna be a rough couple years. i know a guy who makes about 100k a year and he was recently denied 350k motgage something they were giving out to everyone a year ago.

[strategy's_touch 0]

unfounded, pessimistic opinion on the future of the economy

[Balloon guy 158]

I guess the protectionism atitude Japan had about Rice imports is biting them in the rear.

[AmScray 355]

With modern yield management, a family of 4 can completely sustain themselves on 5 working acres- meat, dairy, poultry, fruits and veggies. I seriously doubt that society is going to crumble into some survivalists fantasy where we all revert a couple centuries and start sustenance farming again, but having a fertile plot of land and knowing how to efficiently work it is truly the ultimate insurance policy and over the past few years, that same land has also been the ultimate investment.

[BigDMcGee 3,353]

With modern yield management, a family of 4 can completely sustain themselves on 5 working acres- meat, dairy, poultry, fruits and veggies. I seriously doubt that society is going to crumble into some survivalists fantasy where we all revert a couple centuries and start sustenance farming again, but having a fertile plot of land and knowing how to efficiently work it is truly the ultimate insurance policy and over the past few years, that same land has also been the ultimate investment.

All I know is that gas prices rising + general food prices rising = corn prices skyrocketing, and that makes me a happy agricultural land owner.

[AmScray 355]

Yeah, I remember you mentioned that you had inheritors rights to a farm, or something.The annual price growth rate of ag land over the past few years has been an absolute joke. Like, 20% and 25% annual price gains in many places- shit like that. I have a small plot in southern Virginia on a stream ( > 3 acres) and our goal is to buy 15+ acres in Northern Indiana here soon within 'long commuting' distance to Chitown but at this rate, the goddamned ag land prices are growing faster than our ability to save.

[strategy's_touch 0]

my family has a bunch of ag land just outside of KC. I was shocked to hear that the going rate for renting it out is like 3x the yearly taxes. I only wonder what it'll be worth if KC ever overtakes it. A rather large 'if'.

[chrozzo 19]

unfounded, pessimistic opinion on the future of the economy

its easy to be a pessimist when you're usually right

[ShakeZuma 585]

unfounded, pessimistic opinion on the future of the economy

lol, baseless super optimistic opinion on the future of the economy.

[AmScray 355]

This(food prices rising fast) has been so, so long in coming.Farmers have been eating a 6 foot long shit sandwich for decades now. Food prices- for numerous reasons- have been artificially low, as have ag land prices. I hope we see a day when gas is below $3, but I am 100% certain that we will never, ever, evereverever see .89 cent eggs or .69 cent bread again.

[Dratj 0]

i dont even like rice

me too and I'm Chinese. lol.

[BigDMcGee 3,353]

This(food prices rising fast) has been so, so long in coming.Farmers have been eating a 6 foot long shit sandwich for decades now. Food prices- for numerous reasons- have been artificially low, as have ag land prices. I hope we see a day when gas is below $3, but I am 100% certain that we will never, ever, evereverever see .89 cent eggs or .69 cent bread again.

This is very true.. up until about 3 years ago or so, my family has gotten roughly the same price per bushel for corn since like 1980. Now, we've gotten higher yield ( IE Bushel's per acre) over that time, but no where close to match inflation.

[strategy's_touch 0]

lol, baseless super optimistic opinion on the future of the economy.

indignant, overly defensive retort implying possession of proof that doesn't exist

[Dratj 0]

With modern yield management, a family of 4 can completely sustain themselves on 5 working acres- meat, dairy, poultry, fruits and veggies. I seriously doubt that society is going to crumble into some survivalists fantasy where we all revert a couple centuries and start sustenance farming again, but having a fertile plot of land and knowing how to efficiently work it is truly the ultimate insurance policy and over the past few years, that same land has also been the ultimate investment.

Interesting stat. I'll get on that 5 acres right now.

[AmScray 355]

Interesting stat. I'll get on that 5 acres right now.

I don't know if that was sarcasm or not.If not- Look at subscribing to Mother Earth News. Also, get John Jeavons book on intensive gardening.http://www.motherearthnews.com/Modern-Home...Cow-Part-I.aspxThis is a good article on dairy cows on small plots of land.http://www.motherearthnews.com/Modern-Home...Cow-Part-I.aspxIf you learn how to make cheese, sour cream and stuff like that with the excess milk, you can actually generate a modest base of income, plus you can slaughter the sucklings every year for meat. You can use the web to gather really good articles and archive them- primitive living sort of stuff. Backwoods Home is another really good resource.Being in Canada, I don't know how it would work since you guys have such a short grow season- I would imagine that 10 acres with a lot of it under portable greenhouse would probably be optimal (that way you can take them down for field crops in the spring and summer), but the upside is that there is still a ton of cheap land up there, whereas in the US, there isn't much cheap, fertile land left.

[BigLebowski 0]

This(food prices rising fast) has been so, so long in coming.Farmers have been eating a 6 foot long shit sandwich for decades now. Food prices- for numerous reasons- have been artificially low, as have ag land prices. I hope we see a day when gas is below $3, but I am 100% certain that we will never, ever, evereverever see .89 cent eggs or .69 cent bread again.

If by "shit sandwich" you mean getting paid not to grow anything then I agree. You said "numerous reasons", but the glaring main reason is big business colluded and kept it low enough to put most mom and pop growers out of business. Now that they have bought all of the land for pennies on a dollar it is a convenient time to drive up grain prices. Pretty much the same thing that happened to the cattle/poultry markets.I think after every realizes being a vegetarian is the way to go you will see grain prices decrease. Sounds counter intuitive, but when you take into account how much feed is required to get a pound of beef or poultry it is pretty simple math.FWIW, I don't think we will ever see gas below $3/gal, .89 eggs, .69 bread, or $40 dank 1/4's.

With modern yield management, a family of 4 can completely sustain themselves on 5 working acres- meat, dairy, poultry, fruits and veggies. I seriously doubt that society is going to crumble into some survivalists fantasy where we all revert a couple centuries and start sustenance farming again, but having a fertile plot of land and knowing how to efficiently work it is truly the ultimate insurance policy and over the past few years, that same land has also been the ultimate investment.

If it ever gets that bad you won't have to worry about how much land you have and what you should do with it? Eminent Domain FTL.

[AmScray 355]

If by "shit sandwich" you mean getting paid not to grow anything then I agree. You said "numerous reasons", but the glaring main reason is big business colluded and kept it low enough to put most mom and pop growers out of business. Now that they have bought all of the land for pennies on a dollar it is a convenient time to drive up grain prices. Pretty much the same thing that happened to the cattle/poultry markets.

Actually, you're 100% right.The "shit sandwich" in question, though, isn't the farm subsidies. It was the artificial depressing of food prices which caused the corporatization of our agriculture base, since small farmers couldn't make it with prices as low as they were.The subsidies were simply feeding rats poisoned cheese.(I sound like a wrist flapping Berkeley fag when I say this and I hate it, but they're 100% right on this one)

[loogie 115]

RICE CRISIS!

[LadyGrey 6]

RICE CRISIS!

Today I cooked too much rice and threw some away. The guilt is crushing me like so many lead balloons.

[mtdesmoines 3]

All I know is that gas prices rising + general food prices rising = corn prices skyrocketing, and that makes me a happy agricultural land owner.

Anhydrous Ammonia (nitrogen fertilizer for corn) was $250 a ton five years ago. It's $750 + if you can find it now. Diesel was < $2 a couple years back. It's $4 + now. Land that sold for $2100 an acre in 2000 is now going for $6500+ an acre. Combines are upwards of $300,000 now. Prices for crops have doubled, but input prices are tripling or worse. There's money in the game of farming, but the stakes and the risks are higher than ever. It's no longer possible to pursue as a family enterprise, unless your family has a lot of $.