Published October 01, 2012
You won’t have to kiss your bacon-filled breakfast goodbye.
But you will have to pay a heftier price.
And you can thank the summer drought for those economic factors likely to drive bacon and pork product prices as much as 10% higher. Despite the price spike, agricultural economists are shrugging off reports of a global bacon shortage that caused a lot of squealing on social media last week. Turns out the rumors were caused by a European trade group that reported an “unavoidable” bacon shortage due to a decline in European pig herds and higher feed costs caused by drought. The American Farm Bureau Federation quickly quelled the rumors, reassuring Americans they won’t have to go without their morning staple.