Friday, April 8, 2011

Rising Food Prices / Victory Gardens

Lately I have been hearing a lot about rising food prices and it is expected that Canadians will be paying 7 to 8% more for food within the next few months. Surprisingly we have already had an increase of 40% since June 2010 according to economists at the TD Bank. It is a small creeping up in prices that seemed to go unnoticed by me, perhaps it is because we still have a lot of garden produce put away and I don't purchase many pre-made food items.

World food prices are at an all time high this year. It appears that the cause for the increase are emerging markets in some countries placing a higher demand on luxury items including meat extending upward pressure on global food stocks. Commodity ingredients like wheat, corn, sugar and vegetable oil, which have gone up as much as 50 to 100 per cent over the last year.

"With the United Nations blaming higher crude oil prices for pushing global food prices to an all time high, Canadians have been spared so far because of cutthroat grocery store competition and the high loonie making the cost of imported goods cheaper." according to a Globe and Mail report

Tim Hortons (a Canadian coffee and donut franchise) announced this week that it will be increasing prices. A large coffee is going up 7 cents which equates to a 4.5% increase in anticipation of world coffee prices rising over the next few months from $2.90 to $3.05 per pound. Other restaurants will be increasing prices as well, if they haven't done so already.

In my opinion the best way to combat these high prices is to look back into the past:

I think this is an excellent video showing how to start a garden and what is possible. One just has to put in the elbow grease to save money and eat healthier. Anyone can grow some type of produce. Even apartment dwellers can grow a bit of lettuce in planters if need be.

For a lighter touch to this post I came across this film about eggs. It is kind of corny, but also kind of cute.