ISU Economist Says Stock Up On Meat Now Before Prices Go Up
Date posted - September 18, 2012
Ames, Iowa — An Iowa State University economist says with the drought pushing up corn and soy beans prices, you can expect to pay more for food at the grocery store. Chad Hart says prices in 2013 could go up about one to one-and-a-half percent more than the normal.
He recommends putting some beef in your freezer now before prices go up.
Hart says food prices normally go up about two-and-a-half percent each year. He expects the price increases brought on by the drought to make the increase three and a half to four percent.
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Why didnt the prices go down last year when there was record crops???