Farmers today are struggling. They face cost increases in nearly every sector of the industry — like an 18 percent increase on fertilizer, 30 percent increase on seeds, and labor costs are up 45. And, unfortunately, those price increases affect YOU too…specifically when you’re at the grocery store trying to buy meat. It’s no wonder The Great Reset’s Klaus Schwab thinks finding alternative sources of protein (bugs, perhaps?) is a good idea…
Below is a rush transcript that may contain errors
GLENN: So Pat Gray is joining us here, from Pat Gray Unleashed. Pat, I don't know if you saw, not only is energy costs going up now, because of what we're doing with Putin.
But farmers, yesterday, they came out with the cost of just the increase of cost of running a farm.
PAT: And that's bad for farmers. But really, I'm glad it doesn't affect us.
GLENN: Oh, yeah. It's only the farmers.
PAT: You know, I feel bad for the farmers.
GLENN: It will be fine for us. Contract labor, 45.1 percent.
Fertilizer, this chart says 18.
The fertilizer that most farmers use, just this last weekend, it was reported it's going up 300 percent.
Because of the next thing. LP gas. Twenty 200 and 26.7 percent increase.
Maintenance is 89 percent increase. Seeds, 30 percent increase. Insurance, 33 percent increase. So --
PAT: I think they will eat all that cost. That will be great.
GLENN: Yeah. They're so rich. They can do anything.
I'm telling you, support your local farmers. Support your local farmers. Let me show you something I found in Costco. Going shopping in Costco. Saw this, thought it was a misprint. Actually asked the butcher. That can't be right. Those two steaks are $99.
GLENN: This steak is -- what does it say there? $221.
PAT: It's not wagyu, is it?
GLENN: It's wagyu.
STU: But $221 for one steak.
GLENN: For one steak. That's a lot.
PAT: I mean, that stuff a pound is like $180 a pound or something.
GLENN: Now, it's $221 a pound now.
PAT: Oh, okay.
GLENN: Yeah. Okay. So it's gone up just a little bit.
PAT: Probably not buying as many of those steaks, like we usually do.
GLENN: I'm telling, you're going to be eat bugs. Have you noticed this push for bug eating?
STU: It's big.
PAT: For a couple of years now, they've been hammering, that bugs are a lot of protein. They're so -- you know, if you put them in some olive oil, they're delicious.
GLENN: Everybody keeps laughing about it.
PAT: I know.
STU: You're kind of weird for not eating them, is the attitude. And, yes, we are laughing, because it's completely ridiculous.
PAT: And Americans will eat bugs. If that's the only thing.
GLENN: If that's the only thing you have.
Listen to this.
So there's a transition period, that may be brutal to some.
That's why, we have to harness, the economic productivity, through nature-based solutions.
This is a quote, from a new book out by -- not Charles Schwab. Klaus Schwab. Klaus Schwab, is the leader of the great reset.
So he just put this out. And he said, you know, we'll have to have nature-based solutions. Because things will be too expensive.
That's why, we have alternative food sources, like beans and bugs. You eat the damn bugs.
PAT: Yeah. Be my guest.
GLENN: People have to wake up. They think it's all a joke. They think it's too crazy to happen.
What hasn't been too crazy, that has happened recently.
PAT: And look at the farm increases, you're talking about.
Their cost of doing business. And growing crops.
GLENN: Putting them out. Putting them out.
PAT: They'll go out of business, if they don't raise their prices. They have to raise their prices.
GLENN: Except for corn in Iowa, which I guess has really fertile land. They're saying now, because of the price of fertilizer going up, that we will have a 40 percent yield of what we normally have. Forty percent yield! That's not good.
That's not good.
GLENN: That's not good.
STU: It's suboptimal, is what you would call?
PAT: You would go that far.
STU: Suboptimal. I need to get the emotions going with a phrase like that.