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Tue Jul 10, 2012, 01:55 AM

Food price hike likely after long drought

INDIANAPOLIS (AP) ó The drought thatís 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 nationís 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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Reply Food price hike likely after long drought (Original post)
Flaxbee Jul 2012 OP
Sherman A1 Jul 2012 #1

Response to Flaxbee (Original post)

Tue Jul 10, 2012, 04:22 AM

1. That would be expected

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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