Chances are, you are aware that this summer has been hot.
It’s been much hotter than normal where I live, in the intermountain west.
The result of all this hot weather is likely to be failing crops.
Indeed, I notice that, thanks to a strange winter, and hot weather, our garden isn’t doing as well as it did last year. We don’t have the same number of tomatoes and peppers. Even our berries are failing. (Our herbs, on the other hand, are thriving. Apparently, the basil, oregano, and thyme are all fond of this weather.)
Across the nation’s farmland, a similar situation is playing out on a larger scale.
Drought is causing crops of corn and soybeans to begin failing, and that will likely mean a squeeze in supply — and a rise in food prices. But it’s not just a direct rise in prices, such as a rise in corn prices. This type of issue is likely to spread throughout the food supply chain.
What we often forget is that we aren’t the only living things that need grown food.
[Read more…] about Drought: Are You Ready for Higher Prices?- Tips to Fight Food Price Inflation