The article below is from Manitoba, but the same story plays out here in BC. Lamb prices are higher than ever, because of basic supply - demand economics. Back at university in Economics 101, everyone learned that. Now you can really see it. And prices have been increasing for beef for the same reason. It is frustrating to see news reports about the global food situation make casual comments about beef prices increasing because of the higher price of grain - if people could only understand that what drives prices for beef and lamb producers are simpler cases of supply and demand - no link to costs necessarily, because the buyer sets the price based on how much they want it. Value chains are being developed to give beef and sheep producers a bigger piece of the pie, but with the prices right now most producers don't need the security of a value chain.