Agriculture Chief Says Food Prices Should Not Skyrocket Because of Drought

By: Associated Press Email
By: Associated Press Email

While some fear the worst drought in 25 years will send grocery prices soaring, Agriculture Secretary Tom Vilsack is more optimistic.

The agriculture chief says the cost to farmers is not the same as the cost to grocery shoppers. He says even if commodities prices were to double, "you would probably only see a half a percent to maybe as much as a percent increase in food costs."

Vilsack says crop yields may not come up as short as some have suggested. He says the effects won't be known until harvest, but farmers have planted larger-than-usual crops this year to offset the effects of the drought.

The Obama administration has authorized $30 million to help crop and livestock producers in drought-stricken areas.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: info@1011now.com KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: kgin@1011now.com KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email : ksnb@1011now.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 165509886 - 1011now.com/a?a=165509886
Gray Television, Inc.