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		<title>China amassing large stockpiles of food could impact U.S. prices</title>
		<link>https://cincylink.com/2023/07/16/china-amassing-large-stockpiles-of-food-could-impact-u-s-prices/</link>
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					<description><![CDATA[SALINA, Kan. — Joe Kejr knows wheat. "Not a real big one. Sometimes, you can see those in Kansas up to 20," said Kejr. He's been farming it for quite a while. "I graduated high school in '77 and kind of been farming since. It's kind of hard to believe how many years that's been, &#8230;]]></description>
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<p>SALINA, Kan. — Joe Kejr knows wheat.</p>
<p>"Not a real big one. Sometimes, you can see those in Kansas up to 20," said Kejr. </p>
<p>He's been farming it for quite a while.</p>
<p>"I graduated high school in '77 and kind of been farming since. It's kind of hard to believe how many years that's been, " he said. </p>
<p>Quite a while. You could say he knows a little bit about farming, especially wheat. The recent issues with the supply chain can keep him up at night.</p>
<p>I asked him which supply chain issue is most worrisome to him right now. </p>
<p>"Well, that probably changes by the hour, actually," he said. </p>
<p>Supply chain issues have been wreaking havoc on the farming industry for months, if not longer.</p>
<p>"It might be hard to get some of the fertilizers or parts that we need or even a tire that goes out on our air seater. You don't know if you're going to be able to get it," said Kejr.</p>
<p>But there could be an even bigger cloud hanging over the global supply of wheat – and other foods.</p>
<p>"You have 19-20% of the world's population with three times the amount of food that they need," said Jack Buffington. </p>
<p>Buffington is a supply chain economics professor at the University of Denver, and he's talking about China.</p>
<p>From this year's crop, China is expected to have 60% of the world's rice reserves, 51% of wheat, and 69% of corn. That's a lot of food.</p>
<p>"The food market is a global market, and prices are based on global markets, and for us, it translates into higher prices,"</p>
<p>The UN food price tracker reached an all-time high of 159.7 in March and dropped to just 158.5 in April, 30% higher than it was this time last year. That resulted in 5% inflation on a loaf of bread in 2022 in the US.</p>
<p>That's tough for working Americans trying to put food on the table. It's tough for Joe too. He doesn't have a lot of say about the price of wheat.</p>
<p>"We farm so we can help feed the world. You know, we care about people," Kejr said.</p>
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