“The Buffalo wing isn’t the only food item projected to jump in price next year, though it is one of the more dramatic upward shifts. Because of a drought that parched the Midwestern part of the country this past summer, nearly every food product tied to corn will see price increases in 2013. And overall, household food prices are expected to rise between 3 and 4 percent, according to projections from the 2012-2013 Food Price Outlook from the US Department of Agriculture. In addition to the corn itself, which had a weak crop as a result of the drought, prices will go up on proteins like beef and chicken, because livestock feed is primarily made of corn.”
Related posts:
British Somalis dread ban of ‘herbal high’ khat
India seizure of smuggled gold zooms 365% in Q1
U.S. bans Americans from traveling to North Korea
Jim Rogers on Fox Business News - 18 January 2013
Jim Bovard: Farmers fight for the right to grow raisins
Egypt’s army ‘ready to die’ to protect against ‘any terrorist, radical or fool’
U.S. opens de facto embassy in Taiwan, angering China
The Sharing Economy Fights Back Against Regulators
Will Migrant Workers Drive Bitcoin's Mundane Future?
Homeland Security agent arrested after road rage shooting at mall
Ben Bernanke's thank-you notes
'Nut-free' school zone decision upheld by Michigan Court of Appeals
Republican battles for Medicaid funding turn to God and morality
Rwandan woman stripped of U.S. citizenship after lying about role in genocide
Israel taking steps to mobilize up to 75,000 reservists