Here’s the Best Way On How to Protest the Dakota Access and Keystone Pipelines 

I think oil and natural gas are one of the best discoveries man has ever found. But there is a growing population that don’t Continue reading →

2014 Corn & Soybean Yields Explode

corn harvest
Harvest season is wrapping up across the nation. Here is some Indiana and national stats gathered up from various sources around the internet:

Corn for grain production will set a new record in 2014 at 14.5 billion bushels on fewer acres planted compared to 2013. World corn production is also setting new records.

Soybean farmers are now expected to harvest 3.96 billion bushels, up 31 million bushels from the October estimate. Fifteen states including Indiana, Missouri and South Dakota are expected to report records for the amount of soybeans grown per acre with the average yield at 47.5 bushels per acre. Area for harvest in the United States is forecast at a record 83.4 million acres, unchanged from last month.

(Indiana) Corn yield was unchanged from last month’s projection of 186 bushels per acre. This will be a record corn yield for Indiana if realized. Corn for grain harvested acres was 5.75 million acres. Total production is still expected to weigh in at a record-breaking 1.07 billion bushels. Soybean yield at 54.0 bushels per acre was unchanged from last month’s forecast. This yield if realized will be a record for soybean yield in Indiana. The soybean harvest is anticipated to rake in 296 million bushels, which would make 2014 a record production year.

H/T Hoosieragtoday.com for recent numbers

Inflation Hits Five Guys Burgers

The best indicator of inflation is the prices you pay for everyday goods. I have a saying, the best economist is the consumer. Most consumers will self monitor the prices paid on goods they frequent. The picture below is a 2012 menu from Five Guys Burgers. The address is listed on top of the store location and the date of print is lower right hand corner.
image

I decided to go to the store website of the same address online to compare prices. You can view it yourself here at this link. Here are the price comparisons of 2014 and 2012.

Hamburger $5.79/$5.19 14.4% increase
Cheeseburger $6.49/$5.89 10% increase
Bacon Burger $6.69/$5.99 11.6% increase
Bacon Cheeseburger $7.29/$6.49 12.3% increase

Not all price have gone up. Drinks and fries have stayed the same. Hot dogs and Sandwiches have also increased.

Ham Prices to Increase & Beef Herds at Record Lows

beef
Local Indiana butchers have been informed pork prices will increase by Christmas. Ham will be up by almost $1/lb. More data has come out supporting the jump in price on beef. Beef herds at their lowest in decades going below 30 million. That is a 11.8% decline since 2007.