Drought Pushes Grocery Bills Up
Corn is selling at an all-time high. That’s good news for farmers struggling in the drought, but could cost your family more money at the grocery store.
Crawford County Extension Agent Michelle Buchanan says farmers who have been able to keep their crop watered over this severe drought, are taking home more than usual.
Right now, farmers are getting close to $8 for a bushel of corn. In years past, corn has typically sold for somewhere in between $3 and $5.
“A lot of people are just happy to have a crop out there considering the weather patterns we’ve gone through. And everything they’ve had to deal with this year,” said Buchanan.
She explained that farmers who didn’t have irrigation systems in place really struggled to keep their crops watered.
“If the crop wasn’t watered, and it wasn’t able to get it – you can just go down and drive in the bottoms and you’ll see – that crop didn’t make it.”
But this year’s short supply paired with the demand means prices at the grocery store will be going up in the next few months. Buchanan says its hard to tell just how much – but says expect to see higher prices on several items by the end of the year.
“Corn affects most of everything that we eat. We feed corn to our livestock, so that means our beef, our swine, our chickens…all those things are going to be based on where that corn price is at. But we won’t know that until the harvest is over for the year,” said Buchanan.
Corn prices are expected to fluctuate over the next few days.