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Food Storage Tips: Food storage as an inflation hedge

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In spring 2007, milk prices jumped up a lot. A few months later, we visited my husband’s grandparents. They have a great pantry and food storage system, and they drink powdered milk. I mentioned something about the increase in the price of milk. They said, “Has the price really gone up?” They hadn’t noticed, because they were still drinking milk at last year’s prices. Because they use their food storage, they were protected from that price increase.

Back in April this year, I read an article from the Wall Street Journal entitled Load up the Pantry. He makes the argument that, financially speaking, you are more likely to get a better “return” on an investment in nonperishable foods than on money in the bank. You can get at best 3% in a (good) savings account or CD, and food prices are rising more than that. Higher food prices are likely over time because of increased demand in Asia, and higher fuel prices. Did you know that fertilizer is a petroleum product? Fuel is also used in tractors, and to transport food to market. Even though gas prices have come down slightly recently, they are likely to continue to go up over the next few years, and that leads to higher food prices.

I was very surprised to read this argument from someone in the mainstream media. A few years ago, only a kook (or a Mormon) would have argued that people should store food as an actual investment. Times certainly are changing quickly.

I’ve been reading the explanations of different economists to try to figure out what is going on with the economy, and to figure out how we should deal with our household money. Economists give advice about investment ideas to fight inflation. Some are recommending investing in precious metals, foreign currencies, commodities and so on. However, all of these investments are more risky than just buying your future needs now. If you will use it someday, buying food and other future needs now is a very low-risk proposition.

Food storage protects our families in many ways. Not only is it useful in times of disaster or job loss, but it can also serve as a hedge against inflation.

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