Farmers, senior citizens, and inflation


(12/30/2019)

From: Leonard Schultz
Fountain City

Last week I took a closer look at the weights and cost per point of a box of cereal. Depending on the type, the cost for a 12-ounce box was between $3.50 and $4. The cost per pound would be $4.60. The average weight of a bushel of corn to make that cereal is approximately 50 to 55 pounds, depending on moisture content. Based on the price of cereal per pound, that would bring the price of a bushel of corn to $239. The farmer gets $4.25 per bushel. Any farmer would be happy to get $9 per bushel; a mark-up of $230 on the store shelf is way out of line.

This country needs to wake up and pay farmers a decent price for what they produce. Everyone needs food to survive; no one needs an iPad or computer to survive.

Back in the early-to-mid-60s, the NFO asked farmers to dump their milk to bring the price of milk up. I did not like the idea back then, but now I think they were on to something. A business could never survive if they had to pay whatever a supplier emended and then have to accept whatever was offered for what they produce. Thank goodness farmers do not have to deal with this situation — oh wait, they do.

Moving on, senior citizens and farmers are both taking it in the shorts. Recently Social Security came out with a cost of living “raise” of 1.6 percent. Who believes that? Each insurance premium I have jumped by over 10 percent. Most seniors saved for retirement for years in hopes of getting a five-percent return on those savings to help them get through the golden years. Uncle Sam steps in and pushes the rate down to next to nothing — to boost the economy they say. In reality, they did it to save over $1 trillion in interest they would have to pay on the over $22-trillion national debt. They like to blame Social Security and Medicare for that debt, when in reality it is their wasteful spending.

I saw a sweatshirt someone wore last summer with a saying that would go a long way in solving the debt. It said, “Let’s stop sending money to other countries and let them hate us for free.”

One last thought of the 1.6-percent “raise” in SSI. If the Feds actually believe that is the inflation rate, why would they raise the Medicare premium by seven percent?

 

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