when did a freaking loaf of bread hit the $3.50 mark??
Due to the drought in the south this year, corn prices went up.
As corn prices went up, cattle farmers started using grain based feeds.
Since more cattle farmers are using grain based feed, this means less grains for stuff like bread.
One thing to think about, scientist are predicting another 10 years of drought in the south. If you think the price of food has gone up, just wait and see what happens if the south goes through another drought like it did in 2011. Lets say the drought last another 2 - 3 years, this means things could really get bad. My wife and I have started stockpiling all kinds of rice, beans, canned goods, canned corn, green beans,,,, most of the stuff we eat.
My wife and I went to the local walmart tonight to buy some cans of refried beans. In the past week the prices have gone up 8 cents. 8 cents might not seem like a lot, but at $1 a can, that is 8%.