Farms.com Home   News

Expect Food Prices To Remain High

A food professor at Dalhousie University says we better get used to higher food prices.
 
"This year we were already expecting a high food inflation rate, back in December for 2020. That's not going to change," said Dr. Sylvain Charlebois. "The problem is that the general inflation rate is going to be very low, so 4% will probably feel more like a 10%. It's good news for people who want to stay home and cook because you'll save money but it's bad news for people who will likely go back to their old ways, go out to the restaurant because you're probably going to be spending way more than before."
 
Charlebois notes on the supply side, COVID-19 is making everything more expensive, adding new cleaning protocols, higher salaries, and building infrastructure for e-commerce will all cost more.
 
On the flip side, he adds each household in Canada is saving approximately $5 a day by cooking at home and avoiding restaurants.
Click here to see more...

Trending Video

Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Video: Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Step into the field for a full day of spring fieldwork as this farm plants corn using classic Allis-Chalmers power near Arcanum, Ohio. In this video, the farm is working ground with an Allis-Chalmers 8050 pulling a Salford field cultivator and Brillion Culti-Packer to prepare the seedbed. Right behind, an Allis-Chalmers 7020 handles planting duties with a 12-row White planter, putting this year’s corn crop in the ground. You’ll see a mix of aerial drone footage and ground-level views capturing all the action, along with a voiceover that dives into the history and legacy of these two Allis-Chalmers tractors. It’s a great look at how reliable, older equipment is still getting the job done during spring planting season. If you enjoy classic farm equipment, corn planting, and real-world field action, this one is for you.