Friday, June 15, 2012

Weather Will Effect Price

In this day and age of economic turmoil, we see how money is connected to every aspect of life.  Areas that before some would have believed that no connection could be made between it and money are now not only evident, but at the forefront of people's mind.  Right now, a special group of people are preparing for more hardships because of money.













There is a drought in Middle America that is, and will, effect the farmlands of the country.  Most everyone that has taken a science class understands that rain is necessary for crops to grow.  Without it, they wither and die.  With no rain, and the days getting hotter, it is not looking good for our farmers.

And if it doesn't look good for them, it doesn't look good for us as consumers.  Corn and soybean, two ingredients that are in just about everything, are taking a hard hit.  If their growth is down, then the production of the foods that they are in will be down.  In comes the economic principle of supply and demand.  When supply is high, price is low.  When supply is low, price rises.  The demand for these goods will not go away, and so that leaves just one option.  Consumers are going to have to get used to paying more for bread.


To read entire article, please visit Fox2Now.  

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