With the advent of the footsteps of Mashiach........ prices will soar..... [see Sichos in English]
The historic drought baking the nation's breadbasket is about to hit American consumers where it hurts most -- the supermarket checkout.
"Prices are going to go up.... the only question is when."
Everything from breakfast cereal to roast beef will cost more as a result of the worst drought in 24 years, which has already prompted authorities to declare more than 1,000 counties in 26 states -- nearly two-thirds of land in the lower 48 states, stretching from Nevada to South Carolina -- natural disaster areas.
Only in the 1930s and the 1950s has a drought covered more land, according to federal figures released Monday. So far, officials say there's little risk of a Dust Bowl-type catastrophe, but crop losses could mount if rain doesn't come soon -- and that means across-the-board higher food prices.
The U.S. Department of Agriculture has lowered its crop projections for corn by 12 percent, prompting a 34 percent hike in prices in recent weeks. Since corn goes into so many food products for both humans and livestock, its effect on overall food prices is massive.
Read more: Fox News