Food prices could rise 5 %

happygirl

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By Jim Avila
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Jul 25, 2012 9:24pm
Food Prices Could Rise 5 Percent in Next 5 Months
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Jim Avila and Lauren Ehrler Report:

The cost of filling grocery carts in America is going up. The U.S. Department of Agriculture announced today that it is projecting as much as a 5 percent price hike for some food items over the next nine months.
“Of course I’m concerned,” said shopper Barbara Webb. “I’m concerned for the people who can’t afford it.”
Behind the expensive jump is the drought, now covering 60 percent of the United States, pushing up prices for feed that translate into higher prices for beef, pork and chicken products.
Beef prices will see the biggest hike, up 4 to 5 percent, according to the USDA. That means the ground beef purchased last year for $2.77 per pound will cost consumers $3.04 per pound next year.
Dairy product prices will increase by 3.5 to 4.5 percent, bumping a gallon of milk from $3.57 in 2011 to $3.84 in 2013.
The price of eggs will also go up by 3 to 4 percent, making a dozen eggs $1.95 per dozen in 2013, compared with $1.77 in 2011.
If USDA’s economists are correct, a family who spends $150 per week on groceries will now be spending $160 by next year, bumping their annual food budget up more than $500.
Lisa Lee Freeman, editor-in-chief of ShopSmart magazine, has a few tips for families trying to keep their grocery bills down, despite the anticipated hike.
”The best thing you can do is if all you’re doing is clipping coupons in newspapers – go online!” Freeman said. “There are literally hundreds of coupons online and if you’re not tapping that, you’re missing out on a huge resource for savings.”
Freeman also recommends buying store brands in supermarkets, joining warehouse clubs and even shopping at dollar stores to save the most money.
”Things are changing and the dollar stores are now carrying brand name items,” Freeman said. “Prices can be up to one-third cheaper at the dollar store than at the supermarket.”
The 2013 food price forecast projects an overall food price hike of 3 to 4 percent, higher than the normal annual grocery inflation of 2.8 percent.
The recent announcement is also the USDA’s first projection to factor in the drought.
David Lobell, writes studies for Climate Central, monitoring global warming. He says farmers should prepare for tougher growing conditions and higher prices in the future.
”This year is very emblematic of the type of thing we worry about with climate change,” Lobell said. “The new normal for agriculture is going to be frequent episodes of very high temperatures. Temperatures at which pretty much any crop does not do very well.”

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I saw this Happygirl. we were talking about how it can be hard for some people to save for retirement and this is one of the reasons why.

I actually heard they were predicted to rise anywhere from 7% to 10%. So if you are already on a tight budget with no things you can cut out, this could definitely be a hit on the wallet.
 
I saw this Happygirl. we were talking about how it can be hard for some people to save for retirement and this is one of the reasons why.

I actually heard they were predicted to rise anywhere from 7% to 10%. So if you are already on a tight budget with no things you can cut out, this could definitely be a hit on the wallet.

Yikes 7-10 percent that scary
 
I'm in South Jersey and usually this is my favorite time of the year for food because we have so many small/independant farms. This year its been brutual due to the drought. One farmer didn't even try to harvest his corn, ears way to small. We've gotten some hard, quick moving thunder boomers but not enough to soak the ground.

Farmers are getting ready to do a rain dance.
 

I'm in South Jersey and usually this is my favorite time of the year for food because we have so many small/independant farms. This year its been brutual due to the drought. One farmer didn't even try to harvest his corn, ears way to small. We've gotten some hard, quick moving thunder boomers but not enough to soak the ground.

Farmers are getting ready to do a rain dance.

It to late for farmers here. Everything pretty much here is burnt to a crisp
 
Yup that's no surprise. And I also heard it was closer to 7% but anything over 2-3% is pretty bad. I'm also curious what everyone actually pays for milk and eggs. $3.87 seems SUPER high to me but I'm in Idaho and we have dairys and farms locally. A normal price for 2% milk here is $2.80 or so. Eggs are around $1.25 a dozen.
 
Yup that's no surprise. And I also heard it was closer to 7% but anything over 2-3% is pretty bad. I'm also curious what everyone actually pays for milk and eggs. $3.87 seems SUPER high to me but I'm in Idaho and we have dairys and farms locally. A normal price for 2% milk here is $2.80 or so. Eggs are around $1.25 a dozen.

That and more. We have alot of dairys here also but it does no good.

Gallon of milk 4.97. I bought 18 eggs the other day 3.37. I live in Maine. This weekend I need to take my oldest for some back to school shoping will do my groceries in NH. I will spend 1/2 of what I do here for the same stuff. A gallon of milk in NH is around 2.47.
 
That and more. We have alot of dairys here also but it does no good.

Gallon of milk 4.97. I bought 18 eggs the other day 3.37. I live in Maine. This weekend I need to take my oldest for some back to school shoping will do my groceries in NH. I will spend 1/2 of what I do here for the same stuff. A gallon of milk in NH is around 2.47.

:eek::eek::eek::scared1::scared1::scared1: HOLY MOLY!!! That's crazy! We are even more lucky here because our dairy coucil puts out coupons for milk that I then use at a local store on double day can pay around $.80 a gallon! I can't imagine what I would do if it were $5.00!!!
 
Yeah, I suspect 5% is on the low side of estimates.

The corn crops around here are decimated and the corn supply effects a large percentage of the entire food supply system.
 
Yes it does!!! My father in law spoke with his butcher the other day (he raises cows and pigs) and the butcher said certain cuts of beef are going up 30% right now!!! It's all local so I know it has different factors but all I can think is "thank goodness we don't have to pay for our beef!"
 
whoopsiedoodle said:
Yup that's no surprise. And I also heard it was closer to 7% but anything over 2-3% is pretty bad. I'm also curious what everyone actually pays for milk and eggs. $3.87 seems SUPER high to me but I'm in Idaho and we have dairys and farms locally. A normal price for 2% milk here is $2.80 or so. Eggs are around $1.25 a dozen.

We pay $4 a gallon for milk and $1.75 for a dozen eggs (Missouri). We've been paying that for several years.
 
My kids have always teased me because every couple of years or so the grocery stores around here will sell canned veggies at 4/$1 and I stock up so that I do NOT need to buy canned veggies for years and I do the same with dried pasta. When things get tight I really only have to get fresh bread, milk, eggs and such as I always stock up on other items on sale and with coupons. This has been how I have stretched our budget. I guess I will be stretching it even more in the next couple of years to come as we get back on our feet from this horrible dry summer.

I guess I am glad I took the teasing and kept on hoarding those cans of veggies, guess we can eat a lot of veggie soup if we have to.:confused3

I will keep looking for good sales on items I can store that will not perish, that will help get us thru this time of rising costs. What else can we do, we can not control the weather.
 
I am feeling quite lucky right now. Milk is $2.69 and a dozen eggs $1.19. Plus, my DH brother is a dairy farmer and we were able to get 1/4 of cow early this summer. We have enough ground beef, roasts and steaks to get us through the next 6 months. Chicken was also just on sale 40% off of fresh breast at our local market and I really stocked up.

I know I live in the dairy state, but I am just amazed at the pricing in other states. My kids go through a gallon in less than a week.
 
Here in south Atlanta I get milk for $1.99 a gallon and eggs were .99 but has gone up to $1.29, still cheaper than Publix at $1.79. Milk at Publix is @ $3.50. I shop at Aldis. :thumbsup2
 
I spend 3.69 for half a gallon of organic milk and 2.99 for dozen cage free eggs.

Wow! That is such an amazing deal! I live in Ontario Canada and we pay much more for for milk and eggs especially organic. A gallon of organic milk is $10. If you are lucky and find it on sale it can be about $8.99. Regular milk is close to $5 a gallon. I buy my organic free range eggs directly from a local farmer for $2.5-3.50 a dozen depending on size but at the grocery store those same eggs would cost $6/dozen. We also don't really have any coupons here either. We can easily spend $1000/month on groceries for our family of 5. I do however have a bottomless pit also known as DS13 :lmao:
 
Milk in my area has been $2.00 to $2.50 per gallon for years. Good thing because we go through 5 gallons a week between the 4 of us. I heard that meat prices will go down at first as farmers sell off more cattle for slaughter rather than pay the higher feed prices due to the poor corn crop this year. Once that meat is gone in the marketplace, the prices will skyrocket, as will gas because ethanol is made from corn. The higher gas prices will cause everything else to go up.
 
Don't buy milk, have no idea what it costs. The organic feed, cage-free eggs are $4.69 a dozen or so here (different prices for different brands).

I've noticed the prices for a lot of summer fruits haven't dropped to what they normally do in the summer.

Usually, cherries go down in the $2-3 range. This year I haven't seen them below $4.99 for organic and regular usually hit $1.99 pretty early and they've not been lower than $3-4.

Blueberries usually go down to $2-3/pint, but organic have stayed up over $4 and regular haven't been under $2.50, when they're usually down at $1.50-$1.99. Etc.
 












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