Capping food prices will not fix grocery bills

The current election cycle made a headline out of price gouging in grocery stores and setting caps on certain staple foods. Contrary to insinuation that farmers and others in agriculture are profiting, the USDA is projecting on-farm income will decrease by 25 percent this year alone after a decrease of 16 percent last year.

Since the beginning of COVID, there has been a great deal of discussion about the supply chain but there is still not widespread understanding of how complex the system is. In the case of the food supply chain, there are several stops between the farm gate and a consumer’s...