Over the weekend while on an extended walk with the 16 year old’s dog, a new Podcast Series from Grant Williams had an interesting guest with an even more interesting theory…
The theory from the guest was that food prices and the increase and decrease there of acts as and inflationary or deflationary force on economies.
His logic was that we must all eat and if you watch food prices around the world you can see a big correlation to not only the afore mentioned economic forces but also government interaction to help offset bad side effects of these movements….
Meet the USDA Economic Research Department
Being HUGE fans of government research sites, (no copyright problems) the USDA Economic Research Department of Agriculture is a new one on our radar…not only that, but this huge page of Interactive Graphs will be watched more closely with important ones likely finding a place here for all of our collective review….
Our favorite starting point graphs to follow … note food is third on the expenditure list … lending credence to Grants podcast guest view:
How about food price movement as it relates to Economic Cycles?
There were certainly spikes prior to these three recessions….
Here is a more detailed chart of expenditures of food at the personal level:
On the margin, food has cost less out of pocket over time.
Ya, ya we are nerds, but this is very interesting stuff to us, especially such a new and interesting Theory worth watching!
Have a Great “Watching Food Price” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth