Tuesday, March 26, 2013

AFBF warns of rise in food prices

As consumer confidence continues to lag despite all the manufactured hype over a supposed recovery, the nation's largest farm organization is again warning of food price increases brought on by sharply escalating fuel costs.

From the California Farm Bureau Federation:
Recent food-price trends show a mixed picture, according to analysts for the American Farm Bureau Federation. While food price inflation stood at a very low level last year, fuel prices have risen nearly 10 percent in the early months of 2013. That puts a crimp on farmers and food producers. The Farm Bureau says if it continues, food prices may rise as well, to help offset the higher costs for the many aspects of food production linked to fuel costs.

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