Thursday, April 28, 2011

Food Security

In the ever growing global economy New Hampshire has over the years traded it's farms for factories, then those factories for a financial and services sector, all in the name of progress. UNH professor John Carroll relays a dire message in his book The Real Dirt when he states that New England depends on outside sources for ninety percent of it's food. New Hampshire is worse as it only produces 5% of necessary food supplies and the remaining ninety-five percent has to be transported in at distances approaching two thousand miles.
Today, because of a weak dollar policy and budget deficits, commodities speculation is driving the price of oil and food at an alarming rate. Fertilising the crops, farm machinery, packaging and transportation of these crops from pasture to plate all takes petroleum. In addition the quality of meat products and the resistant bacteria found in the nations finished factory farm stocks furthers the question of a reliable food supply for the Granite State.
If you are not heavily invested in the S&P 500 or "shorting" the dollar there is yet another way in which you could hedge for the upcoming inflationary period, buy locally produced food at your nearest farmer's market or family farm.

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