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Iowa farmer blasts Biden inflation, warns monthly grocery bills will increase $1,000


From WWW.FOXNEWS.COM

A record increase in fuel prices is compounding increases in commodities and raw materials prices that will lead to unprecedented grocery bills for American families, one Iowa farmer warned on “Jesse Watters Primetime.”

Ben Riensche, owner of Blue Diamond Farming Company in Jesup, Iowa, said Friday the inflation seen at the supermarket is nowhere near as bad as it will get as the growing season continues in the heartland.

“If you think we’re seeing food price spikes right now, I think the food price increases are just starting,” Riensche said. “And I don’t think your grocery bill will be $1,000 a month. I think it may go up $1,000 a month.”

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Riensche rejected the Biden administration’s claims inflation will be “transitory” and warned of possible “food scarcity” as the collective crisis disrupts supply chains at all levels.

“My diesel price is up. So that’s crushing my profit and my fertilizer prices for phosphorus, nitrogen and potassium — the three key nutrients I need to grow. My crops are up three-times,” he said, adding that his latest fertilizer bill alone was $1 million.

The high prices for raw materials are thereby decreasing demand f… (Read more)

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