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Sherman A1

(38,958 posts) Wed Jul 3, 2013, 07:15 AM Jul 2013

USDA: Food Prices to Climb This Year

WASHINGTON — Total food prices this calendar year will rise 2.5% to 3.5%, according to a forecast just released by the U.S. Department of Agriculture’s Economic Research Service.

Much of the rise will result from the delayed effects of last year’s drought in the Midwest.

Even though the drought was severe, destroying a huge amount of field crops, food prices remained flat during 2012.

Read More: http://supermarketnews.com/retail-amp-financial/usda-food-prices-climb-year#ixzz2XypOOoII

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USDA: Food Prices to Climb This Year (Original Post) Sherman A1 Jul 2013 OP

and yet this year a record crop for corn and soy is expected KurtNYC Jul 2013 #1

KurtNYC

(14,549 posts)

1. and yet this year a record crop for corn and soy is expected

Reply to Sherman A1 (Original post)

Wed Jul 3, 2013, 07:25 AM

Jul 2013

http://www.agriculture.com/markets/analysis/soybeans/2013-bumper-crops_10-ar32355

I know a few farmers locally who put in corn this year because it was $8+ per bushel. Apparently many others did too:

http://online.wsj.com/article/SB10001424127887323873904578573651600965448.html

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