Wednesday, July 25, 2012

Extreme Weather Causes Food Prices to Increase, Nation to Fall Apart



New York Magazine writes: In the movies the consequences of extreme weather usually involve trying to outrun a CGI storm and desperately clinging to loved ones as they dangle from a cliff. Apparently we're living out that scenario right now, and a more accurate natural disaster movie would portray Jake Gyllenhaal paying slightly more for hamburger meat. With record-high temperatures and drought covering two-thirds of the contiguous United States, the government announced on Wednesday that it expects food prices to increase significantly. And as annoying as that is for the average consumer, there's an even more concerning weather-related issue:  Our infrastructure isn't built for these temperatures, so it's likely that we'll see even more transportation problems, blackouts, and storm damage.

On Wednesday the U.S. Department of Agriculture said that it expects the price of milk, eggs, beef, poultry and pork to shoot up in 2013. Due to inflation food prices usually increase about 2.8 percent a year, but according to the Associated Press, the government forecasts that the price of beef will increase 4 percent to 5 percent, while dairy prices will rise as much as 4.5 percent, poultry and egg prices will increase about 3 percent to 4 percent, and pork prices will climb 2.5 to 3.5 percent.

2012 is the hottest year ever recorded in the United States, and the accompanying drought has devastated crops…

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