But how long are we going to be able to afford it? Let’s not forget that US food prices effect us all.
“The record drought gripping half the US will help push food prices up by 3 per cent to 4 per cent next year, according to the US Department of Agriculture. "In 2013 as a result of this drought we are looking at above-normal food price inflation. ... Consumers are certainly going to feel it," USDA economist Richard Volpe said on Wednesday. The drought has sent corn, soybean and other commodity prices soaring in recent weeks as fields dry out and crops wither across much of the country's midsection. Meteorologists are predicting that conditions behind the drought will continue, putting crops at risk and raising food prices as well as the specter of a food crisis. "This drought was a surprise for everybody," Volpe said. "The USDA was forecasting a record year for the corn crop until this drought materialized. Now we're not going to get that." "The drought isn't merely bad because the crops are parched. Climate change has nudged the temperature more than a degree higher than the previous record-breaking US drought in the 1950s,” says author, economist and food policy expert Raj Patel.” Click here for more
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The secret word is Dire