Will Price Inflation Of Meat, Corn, Food, And Farmland Continue? [View all]

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Today's corn prices are triple the price they were three years ago. High corn demand and high gasoline and diesel prices are having a ripple effect throughout every component of the food and agriculture system. In 2011, we saw many grocery store food item prices rise by double digits and Midwestern farmland prices went up 25%, attributable to high corn and soybean returns for farmers.

The consumer is getting squeezed at the supermarket and at the gas pump. According to the Bureau of Labor Statistics, in 2011, grocery store prices rose six percent on average, or nearly three times the rate of core price inflation excluding food and energy. The median American family spends ten percent of its after tax income on food, and 17 percent on food plus energy.

http://seekingalpha.com/article/392901-will-price-inflation-of-meat-corn-food-and-farmland-continue