Don’t let the drought dry up your wallet
Wednesday, August 15th, 2012By Heather Moore
Dry enough for you? No one needs to be reminded that the nation is experiencing the worst drought in half a century, with nearly two-thirds of the continental U.S. suffering from drought conditions. The dry, hot weather is fueling wildfires, scorching lawns and sending food prices soaring—especially for people who eat meat, eggs and dairy products.
If you’re concerned about your grocery bills—or your health—now would be a good time to start buying vegan foods instead of animal-based ones.
Farmed animals are fed more than 70 percent of the grains grown in the U.S. It takes 4.5 pounds of grain to make just 1 pound of chicken meat and 7.3 pounds of grain to produce a pound of pork. Now that many corn, wheat and soybean crops have been damaged or destroyed because of the drought, feed prices are soaring. It’s so bad that some meat companies, including Smithfield Foods, have even started importing corn from Brazil. Guess who’s going to foot the bill?
Meat-eaters can expect to see a spike in prices in the coming months. Consumers who eat cheese will probably also have to pick up the tab for all the calves who died from heat stress on Midwestern dairy farms in July.
Shoppers will likely see higher prices at the chicken counter first, though. The birds are fed mostly corn, and since chicken farmers engineer them to grow unnaturally fast, chicken flesh tends to reach the market quicker than beef or pork.
The U.S. Department of Agriculture predicts that chicken and turkey prices will rise 3.5 to 4.5 percent and that egg prices will likely climb by as much as 4 percent. Beef prices are also expected to rise between 3.5 and 4.5 percent this year and then by 4 or 5 percent in 2013. Pork will cost more in the coming year as well. Click to continue »
