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I suppose you also didnt notice that produce and juice shot through the roof after the freeze, and the prices still have not gone down.
There was a great deal of tree damage, which will result in long term higher prices for juice oranges, which, correct me if I'm wrong, is a commodity.
stop and listen..
Did orange juice prices go up after the freeze? YES..
but tell me why they HAVE BEEN GOING UP FOR TWO YEARS if the damage only took place in December?
Tell me why ALL commodities have been going up, NOT JUST ORANGE JUICE?
Tell me why in 1990 when the damage was 400% larger than the 2010 damage you are talking about the yearly inflation rate on food was 10% SMALLER than this years?
Tell me how .002% of the nations produce being destroyed turns into a 4% increase in costs for THE MONTH, and this is for ALL produce..
I'm sorry but you telling me orange prices have gone up doesnt explain why the cost of all other non orange related items have also increased.
I know the answer, and I'm sure you do if you just think about it.. But the devistation in Florida does not explain a 4% jump in one month. The math doesnt even come close. It might have accounted for .1% of the increase but in the grand scheme of the nations economic production of agriculture, $273M is nothing in an industry of $100BILLION
I agree with you and Remember.. But guys try to say this stuff in more basic terms.. geez just think of who it is trying to understand this stuff... yea... great clarity here but I want to see the people 'get this!'
Take a dollar bill and cut it in half and call each half a new dollar.
It now cost $2 for the same thing that cost $1 before the scissors came out.
Take that same dollar and cut it into a million pieces. Want to see a loaf of bread cost over a million dollars?
stop and listen..
Did orange juice prices go up after the freeze? YES..
but tell me why they HAVE BEEN GOING UP FOR TWO YEARS if the damage only took place in December?
Tell me why ALL commodities have been going up, NOT JUST ORANGE JUICE?
Tell me why in 1990 when the damage was 400% larger than the 2010 damage you are talking about the yearly inflation rate on food was 10% SMALLER than this years?
Tell me how .002% of the nations produce being destroyed turns into a 4% increase in costs for THE MONTH, and this is for ALL produce.. .002%?
Really?
You need to read this link then. Overview of Florida Agriculture: Marketing Florida Agriculture I'm sorry but you telling me orange prices have gone up doesnt explain why the cost of all other non orange related items have also increased.
I know the answer, and I'm sure you do if you just think about it.. But the devistation in Florida does not explain a 4% jump in one month. The math doesnt even come close. It might have accounted for .1% of the increase but in the grand scheme of the nations economic production of agriculture, $273M is nothing in an industry of $100BILLION
Your figures are waaaay off on Florida agriculture, we are far more than the land of Mickey here.
Read the link, please.
Your figures are waaaay off on Florida agriculture, we are far more than the land of Mickey here.
Read the link, please.
I know you produce a lot more produce in Florida, but your own link says $273M was LOST.. What wasnt lost cant be blamed to have a negative effect on inflation
I know you produce a lot more produce in Florida, but your own link says $273M was LOST.. What wasnt lost cant be blamed to have a negative effect on inflation
yes, I've heard about that as well.. Our local Wendys stopped putting tomatoes on sandwiches.. but again, that doesnt explain why ALL commodities have been RISING FOR YEARS before December, and why the cost of food not damaged in Florida also rose.. You are pretending that Florida destruction took place all around the nation and it didnt..
I agree with you and Remember.. But guys try to say this stuff in more basic terms.. geez just think of who it is trying to understand this stuff... yea... great clarity here but I want to see the people 'get this!'
Food prices have certainly gone up, however, they still don't seem to have risen as much or as quickly as they did in the early 70s.
Just my perception.
I think with so many people given food stamps, groceries can raise the prices to whatever that crowd can afford which is a lot, making it very difficult for the working people to buy food.
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