Farmers warn that rising diesel prices could lead to food shortages.
John Boyd Jr., President of National Black Farmers Association, spoke at NewsNation’s “On Balance” with Leland Vittert. He said that food storages will likely be available in the months ahead.
Boyd stated that “for so long, our family has enjoyed lots of food in this nation, so we have never faced a shortage of food, and I believe that’s what’s coming in coming months.”
Diesel prices reached record highs Friday at $5.798 per gallon. AAA data shows that diesel prices were at $3.21 per gallon a year ago. This is a 75% increase over last year.
High diesel prices negatively impact farmers and American grocery shoppers because diesel is essential for food harvesting, transport, and transportation.
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Farm Bureau aide Kyle Kotzmoyer stated this week to the Pennsylvania House Republican Policy Committee, “If farmers cannot get crops from the ground then there is no food on the shelves.”
According to the Bureau of Labor Statistics, prices for fruits and vegetables have increased significantly in the past 12 months.
Ten percent dried beans
Peas-ten per cent
The average price of fruits and vegetables has increased by eight percent. Grocery store prices rose 11.9 percent.
According to Moody’s June projection, food price increases will cost average American families an additional $460 per month. Bloomberg projected that families would be charged an additional $5,200 per month in 2022. This was 27 dollars lower than the June projection.
Consumer habits are changing due to rising costs, revealed the June BMO Real Financial Progression Index survey:
42% are changing the way they shop for groceries. This means that they are choosing to buy less expensive items and avoiding brands.
46% eat out less, or spend less on dining out.
To offset the rising cost of gasoline, 31% drive less.
23% of Americans are cancelling vacations altogether or spending less on them.
22% of respondents are cancelling their subscriptions to cable or gym memberships.
Joe Biden, then-candidate for the presidency in 2019, stated that he would “end the fossil fuel industry” in the United States.
According to polling, 80% of respondents believe that inflation is important in determining how they vote in the midterm elections. Seventy-four per cent said the same thing about gas prices.