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Flaxbee

(13,661 posts)
Tue Jul 10, 2012, 12:55 AM Jul 2012

Food price hike likely after long drought



INDIANAPOLIS (AP) — The drought that’s hitting much of the Midwest this summer will hit consumers in the pocketbook by next year, Purdue agricultural experts said Thursday.

The persistent hot, dry weather has hit farm production in Indiana, the nation’s fifth-largest producer of corn, harder than any other major corn and soybean producing state, economist Chris Hurt said at a news conference in Indianapolis. The conditions have shrunk corn and soybean production and dried up pastures where cattle feed in summertime, Hurt said.


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Food price hike likely after long drought (Original Post) Flaxbee Jul 2012 OP
That would be expected Sherman A1 Jul 2012 #1

Sherman A1

(38,958 posts)
1. That would be expected
Tue Jul 10, 2012, 03:22 AM
Jul 2012

by anyone who has any sense, yet I suspect it will be a huge surprise to many consumers, just as a few years ago when gas prices shot up and it seemed to catch many by surprise that the prices at the grocery store went up dramatically. I had to explain this to my good Republican Sister in Law who has a degree in accounting at the time as she was just shocked that prices were going to go up which in fact they did. I simply went home and did this

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