Food Prices Set To Rise

0 Shares
corn0813_image

The drought conditions that many Americans have endured this summer could lead the governments of the United States, France and Mexico to enter talks about ways to bring down the rising global cost of corn and grain.

At the end of the month, the three countries will decide if it is necessary to convene the first meeting of the newly created G-20 Rapid Response Forum, which leaders claim was formed to promote united action.

The price of corn jumped to an all-time high after the U.S. Department of Agriculture cut its production estimate by 17 percent over the weekend. According to a report from the USDA, the corn harvest in the United States will drop 11 percent from last year, with yields 23 percent lower than average.

On Monday, corn and other crop prices eased, but analyst expect prices to remain higher than average. According to the USDA, Americans will feel the effects of the higher prices when they purchase beef, pork, poultry and dairy products almost immediately and into 2013.

President Barack Obama said in a recent address that the United States needs to take an “all hands on deck” approach to helping farmers hurt by the drought. He also urged Congress to pass a farm bill “that makes necessary reforms while helping farmers and ranchers respond to these types of natural disasters and providing the certainty they deserve.”

Some people believe that rising food prices due to the drought could spark global unrest.

Personal Liberty

Sam Rolley

Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After covering community news and politics, Rolley took a position at Personal Liberty Media Group where could better hone his focus on his true passions: national politics and liberty issues. In his daily columns and reports, Rolley works to help readers understand which lies are perpetuated by the mainstream media and to stay on top of issues ignored by more conventional media outlets.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.