Food prices are at all-time highs, the next crisis will be ‘manufactured’ – Joel Salatin kitconews gold silver metals mining finance economics investing
In 1900, the share of the American labor force involved in farming was nearly 50 percent. Today, it is less than 2 percent. This is due to industrialization, economies of scale, and trade, said Joel Salatin, Author and Co-Owner of Polyface Farms. However, Salatin cautions that greater efficiency has had its costs, and made our food supply more fragile.
Salatin added that, “on our farm… where we own a little processing plant with 20 to 25 employees… I don’t wake up in the morning wondering [whether we] have violated some new government rule or COVID procedure, or something like that.”The High Cost of Low Prices Although Salatin affirmed that efficiency had lowered food prices, he said that it came with “externalized costs that were not captured at the cash register.
“There’s probably a relationship between cheap food and health costs, versus high-quality food and not being sick,” added Salatin. “One-in-five mouthfuls of food is produced outside of the U.S.,” he explained. “That’s the highest it’s been in history… There’s [now] a renewed interest in localization rather than globalization… [In other words], having smaller outfits that are less susceptible to the kind of shakeups that can be energy-related, health-related, regulatory-related, or relationally-related.”
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