tv The Cost of Everything RT January 19, 2023 9:30pm-10:01pm EST
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lou, who's with hopefully to rescue consider with when it was set up with the law school, you have to be on with white glove ski. know we do marble school. good daughter, less presume blash. yeah. because i thought that was rude enough. i just wondered, was included the social some of the after much neural disclosure, they're called what, what so boucher is work for those who will do who it's all good. was recently bite
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b loan. all you simply want it will be less through. would you do less for the effects arriving food prices have ripple through the economy from governments imposing price controls and played restriction to consumers heading back in other areas as a growing chunk of their wallet. jack, this is especially true in emerging market for food represents a large share of overall consumer spending. global food prices have now 3065 percent since the start of the coven pandemic. add that to the recent years of dry weather. and it's been the perfect storm for commodity food prices to rise. i'm cuz the i and you're watching the cost of everything with
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the price of everything that goes into producing crops as surging, which threatens to fan global food inflation even more. and even with the rising food prices, farmers are facing increasingly tough margins. so let's take a quick look at the price of man goes over in australia. over the last decade, the cost to produce mangoes have doubled. so to mitigate farmers have taken steps like miniaturize the trees and reducing diesel consumption. but the current sort of crude oil is still crushing margins. and it's not just oil, fuel, water, fertilizer and labor all for inputs have gone up in the past couple of years. prices for fertilizer, which is due for practically all crops, have risen dramatically in the past year. and in the us, farmers on average budget about $700.00 to $850.00 per acre for input costs for cheaper commodities, such as corn and soybeans. but in 2022, that number has hovered around $1150.00. so let's look at the average inflation of
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basic input cost that goes into that $1150.00 for planted corn. you have a 5 percent inflation and chemicals like pesticides and err besides. then you have 13 percent inflation in seeds. since you have to have the latest varieties that are stronger or more resistant, machinery and equipment are also going to cost you an additional 18 percent than previous years. and then you have fuel and fertilizer that you're seeing 22 percent inflation with the rising diesel costs. and finally, labor. that's an additional 30 percent as everyone's basic cost of living has shot up and wages need to keep up for some families to continue to work. now let's bring in some miranda mojave asia regional director for international potato center joining us all the way from lima, peru for more details. so to start off, which segment of the food supply chain is getting impacted the hardest?
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is it the farmers, the grocers, or the processors? i would say the most in back to you was not the people in those the in the supply chain, then i was merely getting impacted because in fact i just said that i did the input particularly for base is energy base is dead. i. so i and also on the top of that we have seeing the weighted uncertainty in many countries. i got a lot to all these things happening again. so if i get the definitely impacted to that, then you have the passing through this i, i go to the can do list. so the controllers are getting impacted. but one thing i would like to mention that, that was in the developed countries are being impacted. lot more than that, you left in here because the way the food was assisting sector in terms of concentration there, you know, we have the record duffy glen companies and the packing company in the us. i knew
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them, but you don't see that they see so much. so i don't think in, in, i think in the us the, but i have been jacked by, by all of these the food company may be the company and they're too big that the ice maker. but it is. yeah. they're all small. they're not as big guys. gotta get in there so they may get a place to go, so they're possible the ice. but do not jackie beyond that. so i would say the country and you must being impacted lot more than the developing countries just because the structure of the industry and now how much more expensive is sustainable agriculture and why is it so much more expensive to produce than their quote unquote unsustainable counterparts. yeah, i think i don't think sustainable goes in the expensive than the unsustainable on. first of all, the conventional factors that with conventional credential system,
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but just just remember that the, all our policies are kind of formulated to support the conventional systems that give 3 inputs, subsidized for ledgers. all the things that you're up to use the basic staple there in the thing back to and then got it. intensive in port applications to to get started, the model output. so though it's mostly policy driven, other policy induced which is making something expensive as compared to the conventional there. but it will give a level playing field, both the standard and the and the sustainable will be lot of money and expensive. for example, to extend that we'd be happens in parts of if you have many parts of it, but typically the not with india where the, where the job running right after that i thought that the heart of the blood
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because the window. but he saw the plan that we only have 15 days to clear the fees and we did so they are forced to bond job there. but that's the job. one thing i think millions of people, millions of people in daily rounding area. so the next on the bottom left that wants to pay for this project. so the lease and the plan, the next. so the partly policy spartley extra reality, which making the sustainable practices lot more expensive. it looks expensive on us and it will then, but i would say it completely for the market, no policy intervention, something that will be it will not be expensive. and the congress back to that, it seems that some of the inflated food costs are actually artificial. at least part of it, as it seems to be more so policy driven as the plans for
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a more sustainable food production system. so how much of the food inflation is actually coming from policy? and is this move towards sustainable farming, decreasing yields? i think in the, in the sustainable back, this is one thing i would say when we one with the 5 was proud of small the, the cost in boston involved in the start when moving from conventional to sustainable and event, your longer there much will benefit. but the father was really not looking for the longer they look at what he saw, what happened to you after that you know, but then they go back the stuff and it will practices belong to life, then you look much better. they will be much less there, so everything will improve the eel will increase. cost will declaim that. but the problem is that i don't think sustainable back, this is particular that you love is diving the place and the you look sustainable
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back. they said they come in being in terms of the loading for the best if i can, because i don't think that piece going to that is even though i mean for them to put things, inflation, we see it is giving policy driven. but it was partly driven by the developing countries, other, other parts of the one they're taking those into, you know, they're strict 6 on the export back. the export ban, those federal thing back to setting different places. not the question. the fact is that you have to clear the polish is directed was the distinction that inflating the prices? you know, so not the taxes. and now what crops are getting impacted the most by the rising input costs are farmers shifting into specific crops because they are easier and don't require as much fertilizer while yielding higher harvest? got it. i think it mostly the rising cost of the other things. they're getting
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impacting, comes mostly the ice, they know it's nice in most part of it. then, then eventually next couple which has been back to them. and many cases, far less are moving to maybe less input intensive like glendale responses. in some cases, that's not very light, scalable, as really isolated the bottom of moving into some of these gums and particularly that they moved to other cups because of the ones in india or india, they move from the ice to other go those months when deficit the so they could not plan to military, but that as i said, that's where the isolated gifts not, not, not the life skill in there, she said, miranda mojave, thank you so much friends. i now as base the commodities make their way down the
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supply chain on to your table. let's take a look at the restaurant industry. restaurants are not being spared from these issues. on top of dealing with the searching, inflation and food costs. operators have experience supply delays or shortages of key food ingredients. restaurants are now pay higher prices for many of their food items as their margins are being squeezed. profitability is down from pre pandemic levels for the vast majority of restaurants. now a way combat climate change be a secret driver of inflation. there is a theory that extreme weather might be a driving force or higher inflation. and we'll have more after the break with our picked up would important to put them put to begin with. what is sort of celia was this because it did to squint a q to give it
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a pretty flu. you would you owe for g like tissue that way. no, i'm reaching a shoe store full and you should have some good luck. valuable to put the law. she's emma wishing that she only mother will be for the most moment. william for from story from bush. not most of them all big, lot of job then you her with the continued almost like you know, you small or saddam most of the young there were did some of, of studies with carson brought i used to the shark finished as he shows those are 42 here i'm was mentioned and put your gums. we do friday, the report you origin report will reform. sure. sherman yes. on that with a recent interview. french intellectual,
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emmanuel talk claims. the 3rd world war has already started. its epicenter is of course, ukraine. it's a western war against russia and china. if this scholar is correct, then we can expect to be living in a very dangerous world for a very long time. no one, no, no, no, no, no, no. what was really the limitation of ah, unit 731 was a unique organization in the history of the world. what they were trying to do was to simply do nothing short and build the most powerful and most deadly biological weapons program that the world had ever known. real to production. but it will show
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enough to build on it, so new to keep money to know martha, this new one new and i got the sale. i understood, i wish to know about jewelry. who knew he didn't more than a jewel it's i had a little mother and all you nice to do. you want the on this the little sure. my new on a site isn't more seminal. gates in the you know put them out there to give us
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a hidden cost of food inflation, which threatens to push up already high prices of food, heavy rainfall flooding, heat weighs and grouse erode agriculture infrastructure, and the workers ability to stay on the job china has suffered multiple weather disruptions from flash floods to severe droughts. and earlier this year in august the country issued its 1st rout emergency as central and southern provinces suffered weeks of extreme heat exceeding 40 degrees celsius. now this has jeopardized crop production as rice is very sensitive to weather and nearly 60 percent of that is rain said farming in europe. dairy and meat prices are rising as browse dry out the land meant for raising and growing grain for feed. and meanwhile, historic rains and floods in europe and south korea that makes it hard for communities to rebuild and get back to work cause
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a massive delays in supply chains. so while extreme weather is affecting supply, research hasn't yet quantify the exact impact extreme weather has unemployment. and now we bring in, once again, some miranda mohan t asia regional director for international potato center. so 1st off, now one countries crop yield is being affected most by this extreme weather we're seeing this year is the, particularly the ice now being impacted in many states, particularly in the up. i'm glad this a lot, a lot of the cup in some key. the ice going countries and now what about the livestock, our livestock also being affected by extreme weather lives the lumbering directly back. they're going to be impacted to increase in the base. the ice goes up, that's going to affect the phase. and that's i know many lights fade,
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the 100 percent look nice, but example it in the under pressure book. and i said to dice and same time, 100 percent book and exported to west african countries or india would export ban on 100 percent localized to make sure they didn't know feed feed, but in the country. so i still will be back to it if the grants are impacted. now we talk about the food inflation problem that we're facing today. where do you think the problem is mainly stemming from? is it policy driven, as farmers have less access to fertilizers and higher costs due to sustainable farming practices? or is it demand driven as they're just too many mouth to feed? or is it supply chain driven or something else entirely? or you would that, is it gonna be this all the most recently,
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it would be mostly due to the due to the supply stocks risking due to the way the uncertainty in both america so so, so these would be more driven by the way, the and then the, the, the reaction by the countries in terms of the putting intervention, particularly many indonesia, india, would export band on with export ban on, on 100 percent book and nice. then export band some other type of price. but with those export tax on some type of nice in the navy, i would export band on into this. then if you cancel the order of different countries policy, the sticks and then to make sure that the enough food available in the domestic market. so that you don't put in place on this, but it all started, i would say going back to the beginning of the band to be when you start to start doing with the logistics asportation level thought to this, then we have the one,
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you know, you can let that be back. there we go. and we've explored export. so later the website, this was new weather. so it can be there. so everything is going to call me they've been having like a level of taxes globally. so it's really like the perfect storm. yeah, exactly. and the thing is that the dog has already these the peak in the country, particularly us and you know, but the dog is body know, starting the beginning will be taking out a couple of months of the ones too big because they'd always lack between the, the price, this bonds in the, in the latest, once in that because a lot of asian country to only think of into the united states and just like export act, export ban and keep go mr. law for the wise. so we are seeing that lack there. so
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we left the money in the lower prices continue to fall, they will see the price is big and the start. but that's the main to see what happens with a global base, the united nation world food program. they have come out to say that this crisis is actually about affordability, meaning that there, if foot available, but that these prices are just really hot. so do you agree or is it just putting a nicer spin on things? no, i think the 6 of the society the what was that impacted by the full price increase and affordability can come into the play that but they have a lot of social security that you talk about india or bangladesh. the places are subsidized or the low income group in so they have they have not been impacted by the affordable so much. but it actually got a big, big play because
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a lot of safety that build them there that impacted by the global basis. so. so i think that that plays into legend starting part of the ward. thank you so much sal miranda mohammed for being here with us today. now, who are the winners and losers of the actual food prices? food prices have hit their highest rate of growth in some 43 years, and unfortunately it is hitting the low income people the hardest as food eats into a greater percentage of their budgets. now between july of 2021 to july of 2020 to the price of eggs jump. 38 percent coffee jump. 20 percent chicken. 16 percent. bread, 13 percent. so as anyone really went here. well yes. because the money always flows upstream and many of the chemical companies making fertilizer are boosting their bottom line. monsanto is also build a stronger though controversial seeds,
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po, tash and tara are selling fertilizer to boost crop yields. so those industries are in a good position as the overall global food supply is shrinking relative to demand as the world population grows. so how long is food inflation going to last? well, it looks like it's here to stay for the foreseeable future as so many policies are unintentionally yielding lower crop harvests. food prices will continue to increase in the near term, but should peak sometime in 2023 as supplies stabilizes, and farmers invest into expanding their acreage. thanks for watching. i'm 50 i and
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i'll see you next time right here on the cost of everything with in 1884. the german empire began its colonial invasion into nam may be from the very start. berlin encouraged the white colonists to settle in south west africa and take away the best land from the local drives. the germans were actively draining natural resources and using the local population as a cheap labor source. this was causing major protests and led to a rebellion. in 19 o 4, the hero and nama tribes rebelled against german colonial rule. kaiser wilhelm, the 2nd was fully determined and ordered to suppress the rebellion with the utmost severity against the inhabitants of namibia. germany through is 15000 well equipped
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army. all around the country concentration camps were built. in humane medical experiments over citizens were conducted within the period of 4 years. the germans killed up to 60000 people, among which there were 80 percent of the hero tribe, and 50 percent of the nama tribe. the events in south west africa are called the 1st genocide of the 20th century, and not without reason are compared to the holocaust just 2 decades later after the massacre in nam may be a hitler's assault unit put on the same brown colonial uniform which pushed the world into the chasm of the 2nd world war
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me to on all things to which you which no longer interested in you finishing up the push to, to stream to put him on. because you know, your boss, look you school of course, i don't know who's got no point a, don't know that a lot of these just opinion finances come up with for is your media reflection of reality in the world transformed what will make you feel safe? isolation, whole community, are you going the right way? where are you being led to somewhere? direct. what is true,
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what his faith in the world corrupted you need to descend a join us in the depths or remain in the shallows. the joggers archipelago. homer, the jo, san diego garcia, the largest island in the archipelago is now the location of a very large u. s. military base. you get given med div i to the u. s. government to make a military base and just deported all of douglas and people from their country. so they called return back on the island. no, no, but we are fighting. that's why i'm real fighting for the right. so i, we do not consider the right to self determination actually applies to the general
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. since i don't the question of self determination, the legal advice we have received is actually the chic options. we're not at all, not a people. for me, it's time to move on and see what we can do for the child. the said community to return back home. there is no support from the imagination di, commission, african united nish. i don't care about juggling people ah ah. hello and welcome across the top. were all things are considered. i'm peter lavelle in a recent interview. french intellectual, emmanuel, todd claims. the 3rd world war has already started. it's epicenter is of course, ukraine, and it's
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