Food prices in the United States are expected to rise because of the drought in the Mid-West, but economists say it is not just our economy that is being affected.
The United Nations’ monthly food price index says the cost of food around the world has increased 6%. Last month, corn prices rose nearly 23%.
The U.S. produces more corn than any other country. The Agriculture Department says more than half of all the counties in the U.S. have been declared disaster zones.