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Food Prices Will Rise 4%, Meat 5% in 2013 Due To Drought Conditions
Two/thirds of the United States is now under severe drought conditions, and the consequences will be far-reaching.
The U.S. Department of Agriculture predicts that this record drought will cause food prices to go up by 3 to 4 percent in 2013. These figures are the first acknowledgement by the government that the drought will cause problems, but farmers and economists have been warning for a while...