Food prices to rise because of extreme weather

  Cymro. 11:10 27 Aug 2018

BBC link

Well yes we have certainly had some strange weather of late and such things are bound to affect the prices we have to pay in the shops. But just how much of it is genuine and how much is just jumping on the bandwagon of extra profit? Perhaps we should not turn this in a a rant against farmers as I dare say the shops are more than ready to see a chance of some extra profit.

  Aitchbee 11:33 27 Aug 2018

... bound to affect the prices we have to pay in the shops.

Now's the time to stock up on tinned meat products if one wants to save some money.

Hopefully the prices will come down if there is a better harvest next year. Fingers crossed.

  Forum Editor 13:39 27 Aug 2018

It's all fairly straightforward...

Farmers' fixed overheads remain much the same, regardless of the crop yield. A reduced yield means that producers are faced with a choice - take the hit, and find s big chunk of money from somewhere, or raise selling prices to meet the shortfall.

Demand remains much the same, and supplies decrease so up go prices.

Cows have to be fed, and the price of winter feed increases, so up goes the cost of maintaining a herd. Farmers are particularly vulnerable to the effects of weather.

Farmers, like the retailers, are in business to make profits otherwise there's no point. The first law of business in a free market economy is that you charge what you think the market will stand for your product or service - pitch your price too low, and the consumer benefits. Pitch it too high and you are left with unsold product or unwanted services.

  Pine Man 08:24 28 Aug 2018

It's going to be interesting to see how they get on when they loose their EU subsidies.

  Old Deuteronomy 12:01 28 Aug 2018

West Somerset was not the hardest, we didn't get the worst of the cold or, the worst of the heat but, the effects on farming have been clear to see. Grain yields are well down with much less wheat and barley per plant, grass for animals just stopped growing and the maize is not growing as tall as usual. That's just what I see when out with the dog. If next year is more favourable, prices will drop.

  carver 12:05 28 Aug 2018

Please don't have a go at farmers, start of this year they couldn't get onto the land it was so wet, then it went to near enough drought conditions soon after planting. This is resulting in well below even average growth for a lot of crops resulting in a loss to them if prices do not go up.Farmers are having to feed their cows with the feed that was supposed to be for winter because there is no grass. How many of you not even cutting your grass in your gardens, imagine trying to feed several hundred cows with the feed that was earmarked for January , February now.

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