Buy custom Gas And Oil Inflation And What Gov'T Can Do
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1021 |
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Drought in Australia and Eastern Europe, poor weather in Canada, Western Europe, and the Ukraine has reduced available quantities of the supplies. Now since these terrible things are happening, they are looking towards the U.S. for supplies. For example, in 2007, U.S. farm prices for corn were estimated at $3...
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farm prices for corn were estimated at $3.75 to $4.00 per bushel, compared to $2.00 in 2005. Then soybean prices are estimated at $10.00 to $10.80 per bushel, compared to $5.66 in 2005. Also there is wheat prices estimated at $6.50 to $6.80 per bushel, up from $3.42 in 2005. Just from observing the increasing money for food, globally, the gas and oil prices are affecting food (Capehart)...
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