Saturday, January 12, 2013

Drought Still Plagues US: Food Prices 'Going Up'

Drought Still Plagues US: Food Prices 'Going Up'

"Forecasts are for a four percent (price) increase in food this year, but I think that's on the low side if the drought continues," Gross said. "Food prices will likely be going up much more than the forecast."
Lack of rain and extremely warm temperatures—thought to be from global warming as well as natural climate changes— are blamed for the drought.
......And some 40 percent of the nation's corn crop goes to ethanol producers—and into the gas tanks of the nation's automobiles—putting more strain on food supplies."

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