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Nicholas Kerr's avatar

A couple of drivers of food prices surely involve the US's policies on sugar and corn-based ethanol.

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Michael Magoon's avatar

I do not think that this factor accounts for all the excess inflation, but crop production is still fairly heavily regulated by the federal government. This is largely a legacy of the New Deal. My wife worked for a milk production and delivery company and the paperwork was ridiculous. You also have agricultural subsidies, food stamps, ethanol mandates, etc.

I would be interested in seeing an analysis that comparing price inflation of regulated crops versus non-regulated crops.

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