Agriculture: Are There Still Bulls in the Supermarket?

July 24, 2008

By Eli Neusner

You don’t need me to tell you that, over the past six months, food prices have been climbing through the roof of your neighborhood grocery store. A combination of factors have brought food inflation upon us, including greater worldwide demand, isolated food shortages, weather and currency swings. The price of oil has also had an impact. Not only do higher fuel prices make farming and the transporting of foodstuffs more expensive, but the production of alternative fuels, such as ethanol, has also pushed up corn and other grain prices.

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