Friday, August 17, 2012

"Region and nation brace for drought-driven rise in food prices" Philadelphia Inquirer

"Anticipating an imminent shortage of the grain that is integral to the production of meat, milk, and eggs - and, increasingly, fuel because of the ethanol mandate for gasoline - traders have sent the price of corn surging as much as 50 percent this summer.

Worries about rising prices for food and fuel at a time when individual income growth is weak could be trouble for the U.S. economy, which has failed to hit its stride. The drought could also be a wild card in the presidential election."

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