$ 6.30 is what you’re looking at paying when trying to buy a pint of beer in Europe due to a Russian wheat crisis and harvest difficulties that are happening. But here’s something to really take the sizzle out of your day: bacon prices are stampeding onward and upward. According to CNBC, bacon is presently 20 percent more expensive than it was a year ago. The prices increasing is a good thing considering the U.S. economy. Of course there are some people a little upset by the whole idea of paying more for bacon. Article source – Rise in bacon prices a squealing good sign for the economy by Personal Money Store.
Getting bacon can cost $ 4 per pound
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. Pig farms have been getting smaller lately. This is as a result of recession. Tomatoes are in season meaning more individuals are wanting BLTs, which requires 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.”
Economy benefits from this sad story
The National Review was all upset about the bacon issues. It forgot to mention all the good things to come from it. This means that more individuals want to buy luxury items such as bacon. Luxury items are only bought when individuals feel comfortable. This means the economy is likely to get much better. Rich Nelson of market research firm Allendale, Inc. said 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.
Demand will fatten the herd
Pig farmers have gotten more hogs because of the demand. Bacon prices will likely go down by mid-2011, says Nelson. Fat on generic brands of bacon abound meaning there is less meat left after losing the fat. More individuals are buying the generic brands. Heather Lauer explains to CNBC that the greatness of bacon is helping the economy greatly. Also, Mr. Baconpants blog has Jason Mosely saying, “Your BLT deserves the best bacon you are able to afford!”. International Bacon Day lies on September fourth and could be celebrated patriotically hopefully. This really is the case.
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
No comments:
Post a Comment