http://bottomline.msnbc.msn.com/_news/2012/07/16/12724800-grocery-prices-headed-higher-as-drought-lingers?lite
Shoppers across the country should stand up and take notice of the
Midwestern drought that has already hurt supplies of corn and soybeans.
The
drought will lead to higher prices when you head to the supermarket for
everything from milk to meat. How high will depend on what happens with
rain and high temperatures in the Corn Belt in the next few weeks.
“We’re
at the cusp of seeing how severely this is going to impact consumer
prices,” said Darrel Good, professor emeritus of agricultural and
consumer economics at the University of Illinois at Urbana-Champaign.
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