Saturday, August 2, 2014

The Drought That Will Be Felt Around The World


...It's a problem that extends well beyond agriculturally rich California.
The U.S. Department of Agriculture predicts some meat and produce prices will rise as much as 6% as farmers pay more money to water crops and feed livestock. Earlier this year, beef prices hit a record high, and milk, butter, eggs, fruit and vegetables were also on the rise as the drought continued to ravage farms.
Avocados could increase as much as 35 cents each, lettuce could increase up to 62 cents per head, and tomatoes could jump by 45 cents, up to $2.84 per pound, according to an analysis by professor Timothy Richards of Arizona State University's W.P. Carey School of Business.
The fast-food chains Chipotle and In-N-Out Burger have already raised prices, partly blaming the drought.

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