« on: September 25, 2012, 02:17:03 PM »
Oink, Oink: Drought To Cause Worldwide Bacon Shortage
A British trade group says widespread pork and bacon shortage next year now "unavoidable"
By Seth Cline
September 25, 2012 RSS Feed Print
Apologies to the world's farmers, but for many Americans the worst result of the widespread drought that shriveled crops this summer may be yet to come: a worldwide bacon shortage.
Great Britain's National Pig Association says a world shortage of pork and bacon next year is unavoidable. Because corn and soybean crops everywhere were devastated by the summer's droughts, there's less pig feed to go around, and it costs more. The result: shrinking pig herds, pricier pork, and millions of disappointed bacon lovers.
The trade group says the pig population could fall 10 percent by the end of next year, which could double the price of European pork. Already herds have shrunk across Europe.
In the U.S., farmers are rapidly selling off pigs they can no longer afford to feed, resulting in a record 580.0 million pounds of pork in U.S. warehouses, according to the U.S. Department of Agriculture and the Los Angeles Times.
The harsh summer already resulted in food prices increasing 10 percent from June to July, with major crops such as corn, wheat, and soybean rising by 17 percent or more, according to the World Bank.
« Last Edit: September 25, 2012, 02:20:09 PM by AUTiger1 »
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