A drought that has hit nearly 80 percent of corn and soy fields will have an effect on your wallet in the coming months, says Christian Science Monitor. It is considered the most severe drought since the 1950s. Here are some significant changes what you can expect to find at your neighborhood grocery store:
- The USDA says the first items to reflect a price markup will be chicken, milk, and eggs.
- Pork will first be cheaper before it becomes expensive.
- “The price of beef and other proteins [will] rise 4 to 6 percent in 2013.”
- “The drought’s impact on packaged and processed foods will take longer to trickle down, about 10 to 12 months by USDA calculations. The pinch shouldn’t be as severe as with meat.”
It’s not all bad news though. The cost of fresh fruit and vegetables will actually decrease.