Posted on

Global Food Price Jitters

Touch the Soil News #1247 (Feature photo – Grain Harvest – Public Domain) Over the past 10 years, the global food price index has experienced some dramatic volatility. The food price index follows basic commodities such as meat, grain, dairy, vegetable oils and sugar. Since the largest portion of the global population eats very low on the food chain, significant upticks in the index can send 100 million people into hunger almost overnight. While the news is not of a scope to send food tremors around the world, the January 2018 food index rise of 1.8 percent is the largest in some time. You can read the full report here:…

Read more

Posted on

Dollars Spent Eating Out

Touch the Soil News #497 The USDA reports that dollars spent eating out are almost the same as dollars spent for groceries to eat at home. The facts are that what is spent eating out is growing much more rapidly than the population. For example, Americans spent $42.8 billion eating out in 1970 and a whopping $782.7 billion to be spent eating out in 2016 – a 17 fold increase. From 1970 to today, the population grew by 79 percent. Dollars spent eating out have grown dramatically. The restaurant industry employs 14.4 million people – roughly 10 percent of the American work force. The National Restaurant Association reports that there…

Read more