Gas ~ Edward Hopper ~ 1940
I'd like to point readers here towards an article I wrote for Seeking Alpha about food price inflation and how it intertwines with corn prices, ethanol mandates, farmland prices, oil prices, and government policy. It was chosen as their "editor's pick" yesterday and was categorized under "macro" and "commodities." It contains many great charts, especially don't miss the last one demonstrating the decline in meat consumption happening here in the U.S. In my conclusion, I described how I expect the food and farming industries to change as petroleum products become more expensive.