Showing posts with label Soy. Show all posts
Showing posts with label Soy. Show all posts
Sunday, December 20, 2009
You Are Being Lied To, Part 2: US Department of Agriculture Edition
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PakAlert Press annoys me sometimes because Razer doesn't "Do" apocalyptic thinking, but it's a valuable source of little known information, and this well-detailed article (sourced from Marketskeptics) is a harbinger of higher food prices to come."All someone needs to do to know the world is headed is for food crisis is to stop reading USDA’s crop reports predicting a record soybean and corn harvests and listen to what else the USDA is saying.
Meanwhile many Americans continue to be under-or-unemployed, or working at McDonalds just to keep a roof over their heads and try to live on food bank food.... Food banks BTW that are experiencing a MASSIVE influx new 'customers' even as the US Agricultural-Industrial Complex can no longer produce enough food to provide the surplus those 'banks' require.
Specifically, the USDA has declared half the counties in the Midwest to be primary disaster areas, including 274 counties in the last 30 days alone. These designations are based on the criteria of a minimum of 30 percent loss in the value of at least one crop in the county. The chart below shows counties declared primary disaster areas by the secretary of Agriculture and the president of the United States.
For a list of Secretarial disaster declarations, see here.
For a list of Presidential disaster declarations, see here.
The same USDA that is predicting record harvests is also declaring disaster areas across half the Midwest because of catastrophic crop losses!
To eliminate any doubt that this might be an innocent mistake, the USDA is even predicting record soybean harvests in the same states (Oklahoma, Louisiana, Arkansas, and Alabama) where it has declared virtually all counties to have experienced 30 percent production losses. It isn’t rocket scientist to realize something is horribly wrong."
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Tuesday, May 6, 2008
It's Not JUST Oil Companies Making A "Killing" - Multinationals making billions in profit from food crisis
Multinationals making billions in profit from food crisis
World Development Movement director calls earnings ‘immoral’
Giant agri-businesses are enjoying soaring profits as a result of the world food crisis that is driving millions of people towards starvation, British newspaper The Independent reported on Sunday.The report quotes World Bank figures that 100 million more people are facing severe hunger this year, saying that some of the world’s richest food companies are making record profits.
Monsanto reported last month that its net income for the three months up to the end of February 2008 had more than doubled from the same period in 2007 — from $543 million to $1.12 billion.
Cargill’s net earnings soared by 86 percent from $553 million to $1.030 billion over the same three months, and Archer Daniels Midland, one of the world’s largest agricultural processors of soy, corn and wheat, increased its net earnings by 42 percent in the first three months of this year, from $363 million to $517 million.
Similarly, the Mosaic Company, one of the world’s largest fertiliser companies, saw its income for the three months ending February 29 rise from $42.2 million to $520.8 million, on the back of a shortage of fertiliser. The prices of some kinds of fertiliser have more than tripled over the past year as demand has outstripped supply. The Food and Agriculture Organisation reports that 37 developing countries are in urgent need of food. Food riots have broken out in several nations.
Immoral: The report quotes World Development Movement Director Benedict Southworth as calling the escalating earnings and profits as ‘immoral’. daily times monitor
Source: Daily Times - Pakistan
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