Food prices skyrocketing with drought
Pamela Gooden is shopping for a family of six. And along with the groceries she's stocking up on concern because food prices are high
New government figures predict food prices in 2013 could jump up to 7.5% from where they were in January, as the effects of the nation's drought show up on store shelves.
For Gooden, already working two jobs to get by, her $150-a-week grocery bill could jump nearly $12. That's almost $600 more a year.
“I don't know what I'm going to do, working full time, working part time still can't make it,” she says.
The problem starts on the farm. The hot weather hurts crops and prices go up.
Since June, a bushel of corn has soared 38 percent. Beans are up 24 percent. That spike in corn prices strains dairy farmers who use it for feed.
“We used to get probably close to 30-40 dozen eggs a week and we're getting about seven to eight dozen eggs right now because of the heat,” says egg farmer Armand Bechard.
And there are also pests like grasshoppers, that feast on crops.