Food Prices Headed Up
It is very likely that prices for food will start going up in the near future. L-S-U Agriculture Center economist Kurt Guidry says you should more than likely start to budget more for food in the coming weeks due to the drought across much of the United States.
Guidry says there is a significant drought that has had a large impact on most of the country, and he says prices will go up as the harvest of crops like corn and soybeans will be dismal.
The economist says he has seen this happen before and as recently as 2008. He says at that time food prices went up by about six percent.
Guidry says you can expect the price for dairy products and those items that contain corn and soybeans go up.