National

Midwest floods to send food prices up further

Phyllis Jacobs Griekspoor - The Wichita Eagle

June 17, 2008 12:51 PM

From left, Allison Barker, 17, Adam Beauchamp, 16, Brian Fink, 18, and Shane Earley, 16, sandbag the back of the American Legion Post 349 in Clarksville, Mo., Monday.
From left, Allison Barker, 17, Adam Beauchamp, 16, Brian Fink, 18, and Shane Earley, 16, sandbag the back of the American Legion Post 349 in Clarksville, Mo., Monday. Laurie Skrivan / St. Louis Post-Dispatch / MCT
From left, Allison Barker, 17, Adam Beauchamp, 16, Brian Fink, 18, and Shane Earley, 16, sandbag the back of the American Legion Post 349 in Clarksville, Mo., Monday. Laurie Skrivan / St. Louis Post-Dispatch / MCT

Expect to pay more at the supermarket, the cafeteria, the vending machine and for dinner out over the next year -- the price of food is going to keep going up.

That's because commodity prices — which include oil, grain, beef and pork — are continuing to soar.

And corn prices, which affect the price of everything from soft drinks to beef, are set to explode because of devastating floods in the Midwest, especially Iowa.

"We have already seen demand for corn rising faster than supply for the last 22 years," said FarmProgress analyst Arlan Suderman. "Stocks are at a critical level. And now this (flooding)."

Read the complete story at kansas.com.

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