"just five crops -- corn, cotton, rice wheat and soybeans -- account for 90 percent of all farm subsidies. Sixty-two percent of American farmers do not receive any direct payments from the federal farm subsidy system, and that group includes most livestock producers and fruit and vegetable...
"The World Bank has warned that rising food prices, driven partly by rising fuel costs, are pushing millions of people into extreme poverty.
World food prices are 36% above levels of a year ago, driven by problems in the Middle East and North Africa, and remain volatile, the bank said.
That...
This isn't something new. These inflationary pressure have been in the system for years. The retailers just can't hold back raising their prices any more. The combination of inflated currency, higher gas prices, natural disasters effecting food production, etc... we are screwed.