Peanut Butter Prices Expected to Double

By: Bill Steckis Email
By: Bill Steckis Email

The word is spreading. Peanut butter prices are expected to nearly double.

The peanut butter harvest in Texas and Georgia has been poor this year, with yields cut by about half .

The Food Bank of Lincoln says peanut butter is still on their shelves, for now. Director Scott Young said they depend on peanut butter as a good source of protein. The cost will be a huge factor for them to continue to keep it available. Young hopes donations of peanut butter will continue, even with the higher prices

Young said, "Peanut butter is a great kid-friendly food and it means our cost will go up for the back pack program that distributes food to over 3000 families a week. We will figure out a way to make this work."

The price increases are not expected to take effect until this winter.

Young added, "Clearly peanut butter is a staple of food drives that the food banks stage throughout the year and if folks want to go ahead and buy peanut butter now and save a few bucks, for the food drives coming up this holiday season, we'd be happy to have them to that."

Now is the time to purchase it , since there's no telling when the prices will turn around again.

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