Economy

mahatmakanejeeves

(66,556 posts) Sun Aug 31, 2025, 09:55 AM Sunday

'It's like when you see the tsunami coming in': Agricultural economists sound the alarm about produce prices doubling

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Reposted by Kevin M. Kruse
https://bsky.app/profile/kevinmkruse.bsky.social

hilzoy
‪@hilzoy.bsky.social‬

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Whee!

fortune.com/2025/08/28/t...

‘It’s like when you see the tsunami coming in’: Agricultural economists are sounding the alarm about produce prices doubling
Consumers “don’t have a clue what’s going on,” said Raymond Robertson, a labor economist.
fortune.com
August 29, 2025 at 8:02 PM

Whee!

fortune.com/2025/08/28/t...
— hilzoy (@hilzoy.bsky.social) 2025-08-30T00:02:13.560Z

9 replies

= new reply since forum marked as read

Highlight:

'It's like when you see the tsunami coming in': Agricultural economists sound the alarm about produce prices doubling (Original Post) mahatmakanejeeves Sunday OP

Consumers will have a clue once they're paying more Fiendish Thingy Sunday #1

Here in Cali we are already paying more Nigrum Cattus Sunday #2

I'd guess we really start feeling it at Thanksgiving underpants Sunday #3

Some consumers don't have a clue. mwmisses4289 Sunday #4

Some items have already doubled nitpicked Sunday #5

And don't rely on US agriculture nitpicked Sunday #6

Rural America is suffering an economic crisis as crop prices plunge, Fortune, 8/30/25 progree Sunday #7

Wow. . . . . nt Bernardo de La Paz Sunday #8

These are not supply and demand problems like in the Great Depression bucolic_frolic Tuesday #9

Fiendish Thingy

(20,608 posts)

1. Consumers will have a clue once they're paying more

Reply to mahatmakanejeeves (Original post)

Sun Aug 31, 2025, 10:03 AM

Sunday

Just in time for the midterms.

Gerrymandering ain’t gonna save the GOP.

Nigrum Cattus

(964 posts)

2. Here in Cali we are already paying more

Reply to mahatmakanejeeves (Original post)

Sun Aug 31, 2025, 10:08 AM

Sunday

Only certain items. Most things that are labor
intensive to harvest. Why the repugs won't issue
agricultural visas wholesale is very foolish

underpants

(192,635 posts)

3. I'd guess we really start feeling it at Thanksgiving

Reply to mahatmakanejeeves (Original post)

Sun Aug 31, 2025, 10:10 AM

Sunday

definitely Christmas

mwmisses4289

(2,073 posts)

4. Some consumers don't have a clue.

Reply to mahatmakanejeeves (Original post)

Sun Aug 31, 2025, 10:17 AM

Sunday

Others very much do!

nitpicked

(1,343 posts)

5. Some items have already doubled

Reply to mahatmakanejeeves (Original post)

Sun Aug 31, 2025, 10:21 AM

Sunday

At a local store, an 8-pound bag of potatoes could be found for $2.77 last year: now it is $5.99 when on sale.

Dollar Tree used to have 6 packs of ramen for a dollar; now it's five packs for $1.50.

Just wait until the tariffs REALLY kick in. Will canned tuna skyrocket too?

nitpicked

(1,343 posts)

6. And don't rely on US agriculture

Reply to nitpicked (Reply #5)

Sun Aug 31, 2025, 10:25 AM

Sunday

Long gone are the days when there were lots of farmboys fit enough (like my father) to hire out to help others with the harvest.

Who else is there fit enough to help out on farms now?

progree

(12,275 posts)

7. Rural America is suffering an economic crisis as crop prices plunge, Fortune, 8/30/25

Reply to mahatmakanejeeves (Original post)

Sun Aug 31, 2025, 10:38 AM

Sunday

Last edited Thu Sep 4, 2025, 08:14 PM - Edit history (1)

https://www.democraticunderground.com/100220599123

. . .They have asked lawmakers to help increase access to export markets, including China, which is still locked in a trade war with the U.S.

. . . U.S. producers of corn and soybeans have sent dire warnings as prices for their crops have crashed in recent years while ... Donald Trump’s trade war whipsaws farmers.

. . . Corn prices have plunged more than 50% from their 2022 peak, while production costs are down just 3% in that span, translating to a loss of 85 cents per bushel, the NCGA [National Corn Growers Association] said, adding that the outlook for next year is worse with even lower prices and higher costs.

On the other hand,

WHOLESALE VEGETABLE PRICES UP 38.9% in One MONTH
https://www.today.com/food/news/wholesale-vegetable-prices-skyrocket-rcna225193

From the source (Producer Price Index, aka wholesale prices) :
https://www.bls.gov/news.release/ppi.t02.htm Final Demand goods -> final demand foods -> fresh and dry vegetables
+38.9% from June to July, seasonally adjusted

Bernardo de La Paz

(57,980 posts)

8. Wow. . . . . nt

Reply to progree (Reply #7)

Sun Aug 31, 2025, 11:23 AM

Sunday

bucolic_frolic

(52,210 posts)

9. These are not supply and demand problems like in the Great Depression

Reply to mahatmakanejeeves (Original post)

Tue Sep 2, 2025, 07:02 PM

Tuesday

These are labor and distribution problems caused by tariffs.

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