How The Drought Will Affect Food Prices

I know I don’t need to tell you this, but we are in a drought.

And I’m sure you have thought…

How Will The Drought Affect Food Prices?

At the moment it is unclear, but most industry leaders say to expect a 4% increase on everything from cereal to steak. (Think…if it depends on corn, the price will raise.) With the main increases in dairy, eggs, poultry, pork and beef.

In fact, some leaders are reporting the average American family can expect to spend an additional $600 next year (or $50 per month) on the same items.

So how can you insulate your grocery budget from higher food prices?

Buy meat now. And buy a lot.
Most likely we will see the price of beef, chicken and pork on the decline as ranchers cull their herds and sell off stock before winter approaches before a significant increase long-term. If your budget can afford it, purchase a stockpile of meat now to use through out the winter and spring months.

Learn some vegetarian recipes.
Because beans, quinoa, lentils, and other legumes aren’t dependent on corn, their prices should stay pretty consistent to today’s prices. (You may see an increase, but it will only be slight in comparison.) Don’t know any vegetarian recipes? Check out my Vegetarian Recipes Database for ideas that will keep your meat loving family happy.

Cut down on portions.
If you are used to meat being the main focus of your meal, you may want to look vegetables and grains being the main portion and meat being more like a side item.

Look at other ways to save.
Now is the time to make adjustments to your budget and look for other ways to save. For example, strive to save more on your health and beauty items or cleaning supplies, in order to free money up for meat and dairy.

Continue to use your price book.
One sure fire way to make sure you aren’t paying too much is to make sure your price book is up to date. Being an educated consumer always means you will pay the lowest price.

Buy Local.
If possible support our farmers, cut out the transportation costs, eat a better quality item, and purchase locally. There are great deals to be found with local farmers and ranchers in our area.

What about you? Are you doing anything special to help insulate your budget from the “drought affect”? Leave me a comment and share with other readers.

This post may contain affiliate links. Read my disclosure policy here.

Comments

  1. Margaret Grote says:

    We have been extremely happy joining the Henhouse CSA this summer and have been stock piling the local meat. We generally don’t ever have meals that focus on the meat and make that more of a side or just an element in the main dish. We try to always buy local and as unprocessed as possible. Makes for a bit more work at home but it’s worth it.

  2. abby craig says:

    Since we see alot of deals around October, November on pantry staples, I plan to really stock up for the year. I have already begun buying meat now, too. When you get your food budget down to $400 a month (family of 6) there isnt a lot of wiggle room for increased prices. With coupons being lower in value and stores being tighter with limits, it does make things challenging. Its not all doom and gloom, though, eating a few meatless days a week is great for your health and encourages kids to eat more and try new vegetables. I know I could stand to lose a few pounds, truth be told. Be ready to think outside the box when it comes to what I can “creative budgeting”.

    • Abby – I’m doing the same thing. Stocking up a little more than usual when the price is my “Buy It Now” price.

  3. Milk at Aldi has gone up from $1.99 to $3.38 at the two locations I stop at….that hurts! I got used to the cheaper milk there.

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