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. And as anyone who has shopped at grocery stores in the last three years will tell you, it’s been all downhill from there.
This misguided ideological climate agenda is designed to make fertilizers, tractors, trucks, heating and drying equipment, electricity, oil, gas, transportation, freezers, and food more expensive. The higher price tag for each stage of food production, from field to fork, is a feature, not a bug of the Biden economy. It is part and parcel of the Left’s concerted effort to make carbon energy more expensive and reduce consumption.
Europe’s electric companies foisted their higher energy costs on consumers, and residential and industrial power prices promptly rose 131% and 59%, respectively, between January 2021 and January 2022. Germany’s manufacturing and chemical industries were tagged with escalating cap-and-trade prices and taxes designed to curb emissions. They responded by spending hundreds of billions of dollars to leave Europe’s grid.
But fewer farms also means more expensive and less available food. People are already paying historically high prices at the local grocer. Asin April, a typical list of groceries costs 36.5% more today than it did in 2019, with the prices for eggs and sports drinks up more than 40%. The price increases now have consumersmore than 11% of their income on food — a peak not reached since 1991, according to the United States Department of Agriculture.
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