How high wheat prices are impacting those on both ends of the supply chain

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How high wheat prices are impacting those on both ends of the supply chain
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Wheat prices have gone up since Russia’s Invasion of Ukraine. The countries are two major global wheat producers.

Their livelihoods rely on wheat.

Poe grows it on his Washington State farm and Jenival uses it in almost everything on his menu at City Bakery Cafe in Denver. Selling crops at a higher price can be good news for farmers, but Poe says what’s different today is how much his expenses, like the cost of fertilizer and the fuel, have increased."Then you look back to a year ago, paying $2, so essentially it’s almost $20,000 more to fill this tank today versus a year ago,” Poe said.In the first two weeks of March, as the War in Ukraine was just beginning, diesel prices soared.

Santos raised his menu prices only once during the pandemic. He feared raising the prices more would drive people away."If you’re looking at a loaf of bread at a grocery store that costs an average of $4, the farmer, out of that $4 loaf, is receiving $0.17 a loaf," Poe said, “So if that price goes up from $4, we’re still basically getting those $0.17 and that's what kind of makes the other challenges, yeah, tricky.

But, both the farmer and cafe owner, are keeping their faith in what they see as the true product of their work.“I like to see people's faces, you know when they feel the taste and come out in their face," Santos said of his love of making food."I mean, you can see it clear, the people's happiness in the face when you see people eating and enjoy the food. That's what makes me happy.

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