Wisdom in Food Storage

Storing food for emergencies is not only wise and brings peace of mind, but is also a hedge against inflation and protection against shortages.
Example: Two years ago I could buy a 15 oz. can of pumpkin on sale for $.79. Canned pumpkin has a shelf life of 2.5 to 3 years. If I had purchased enough pumpkin two years ago for use 2-3 years out, 1) I would have had pumpkin for the holidays last year during the shortage, 2)I wouldn't be spending $1.35 for a can to use this year during the continued shortage.
Hopefully the price will come down next year; it's not likely. But if it doesn't, I am buying enough at $1.35 that I will use next year in case it's $2.00! You may ask, "Well, that's just dumb, because what if the price comes back down? You will have wasted all that money"? When was the last time you saw a product drop 50% in price? I'm willing to gamble it won't!