Food in the News
As many of you may have seen in the news, there are food shortages in the grocery stores. There is no need to panic. Many experts, including University of Guelph Food chain supply Professor Michael Von Massow, believe our food system is resilient and we are not in imminent collapse! Consumer’s may not have the same selection available but we will have food on the grocery store shelves. One thing we are all seeing at checkout is the price increase due to supply shortages.
From our intro economics class, pricing is really determined by two confounding factors, supply, and demand. When supply decreases, prices often increase and quantity decreases.
Here at 1847 Stone Milling, we have been very fortunate this year to work with great farmers to help us secure much of the raw grains we need to make the flour you love. We have also increased our raw grain storage with grain bins that help us to buy larger volumes and mitigate price fluctuations in the market.
Demand continues to be strong for good quality flour and with the supply of raw material sorted we have been able to keep pricing stable
If you are looking for a quick read on our food system stability, take a look at this link from Professor Micheal Von Massow. There are also some great podcasts to listen to as well!