$ 6.30 is what you are looking at paying when trying to buy a pint of beer in Europe due to a Russian wheat crisis and harvest troubles that are happening. But what’s worse is that bacon prices are going up. Last year bacon prices were cheaper. CNBC says the price went up 20 percent. Everyone who likes their bacon every morning is surely upset by this although the U.S. economy is doing better with this rise in price.
Bacon is going to be $ 4 per pound for those bacon lovers
The Department of Agriculture claims that the steep bacon price increase over the past year is the result of a classic supply-and-demand situation. The recession has caused more to get rid of their pigs. Tomatoes are in season meaning more people are wanting BLTs, which calls for bacon of course. Bacon is something needed for BLTs. Those are hot in demand with the tomato season going strong. The National Review has gone as far as to call this culinary conundrum “Obama’s Next Crisis.”
Bad for the few, but great as a whole
The National Review didn’t explain all the good things that come from this. This means that more individuals want to buy luxury items such as bacon. It’s a step within the right direction, for when individuals reach for luxury items, things tend to be going better as a whole, economically. Research firm Allendale, Inc.’s Rich Nelson explained that “They may not be buying steak instead of hamburger, but they will put bacon on their hamburger or other things.”
Bacon tends to be in more items at restaurants because of this.
There’s more fattening with bacon around
Pig farmers will no doubt respond to increased demand by expanding their hog stocks. Nelson speculates that by mid-2011, bacon prices will begin to drift down. More generic brands of bacon are likely to be bought meaning fattier bacon with less meat to cook after losing this fat. Heather Lauer explains to CNBC the greatness of bacon is helping the economy greatly. Also, Mr. Baconpants blog has Jason Mosely saying, “Your BLT deserves the best bacon you can afford!”. Then every person will celebrate Sept. 4 with patriotic fervor, for that is International Bacon Day. Really and truly, it is.
Additional reading
CNBC
cnbc.com/id/38725523/
The only problem with bacon is that it makes you thirsty… for more bacon.
youtube.com/watch?v=CaK9bjLy3v4
