The National Restaurant Association (NRA) is warning members that, “Drought in the Midwest is threatening the nation’s corn crop, which will result in even higher food costs for the restaurant industry. A commodities expert tells the NRA that just 40 percent of this year’s corn crop is rated good to excellent, compared with 66 percent this time last year. The result: higher feed costs for farmers and increased food prices because of beef, poultry and dairy shortages.”
Expect higher prices at the supermarkets as well as the restaurants. Just how much are you willing to pay for a quart of milk?