Banyan Hill Publishing is a well-respected publisher and research company that consistently provides useful financial information. The editorial director at this Florida-based firm is veteran financial journalist and stock market investor Jeff Yastine.
In addition to his monthly Total Wealth Insider financial newsletter, Jeff Yastine regularly contributes interesting articles to the Medium website. In a fairly recent article, Mr. Yastine tells of future food price increases and how to benefit from them.
Mr. Yastine leads off this medium.com article with a memory flashback to the 1970s when he was a teenager. He recalls seeing multiple price stickers, with each sporting a higher price affixed to the top of various items that he would purchase at grocery stores.
Attributing the regular changing of grocery store price stickers to the double-digit food inflation that was then the norm, Mr. Yastine mentions how inflationary price hikes kept grocery stock clerks busy with their sticker guns in those days.
It may seem unlikely now that double-digit food inflation will occur again soon, especially with large supplies of milk and cheese, and an increase in U.S. beef production. A very large U.S. crop of corn, soybeans and wheat, combined with healthy competition from myriad grocery suppliers create a healthy image of the U.S. food industry.
I took plenty of heat back in June when I said the Amazon-Whole Foods merger “would be a surprising setback for the internet giant.”
— Jeff Yastine (@Jeff_Y_Guru) December 12, 2017
Even though U.S. food exports are commanding higher prices due to the robust American dollar and less-stable foreign economies, Mr. Yastine feels that there are other signs pointing towards a food inflation trend.
A rise in the prices of retail food this past summer was the first significant increase in almost two years. On an international level, global food prices are also the highest they’ve been for a couple of years.
At any rate, Jeff Yastine gently recommends that investors pursue investment opportunities in the U.S. food industry in the coming months.
An expert on business and economic trends, Jeff Yastine served as a correspondent and anchor on the PBS Nightly Business Report for more than 15 years, and was nominated for a Business Emmy Award in 2007. Mr. Yastine’s writing work at Medium is always informative and a pleasure to read. Jeff Yastine also maintains an impressive presence on social media sites.