I've done some research on this plastic/PVC storage. I like the pickle barrels that you can get from Firehouse Subs. Food grade, yes they do smell like pickles but your food you store inside won't taste like pickles
However, the PVC pipe. I've heard that any metals stored underground in PVC will corrode. The PVC off gases something that reacts to metals (wonder about effects to other stuff, ie food...). My findings suggest going with the black sewer/water pipe, yet its hard to get the ends sealed up because the pipe isn't flat (wavy like).
I would agree with wrapping up whatever you put inside. I would think glass would be good to store food inside the bucket. I would like to do research on storing items (food) in plastics long term. I have heard a lot lately about how women shouldn't drink water from plastic water bottles that have been in your car for long periods.
Something to ponder.