Americans can expect to pay more for groceries due to high commodity prices driven by this year’s drought, but food prices likely won’t hit their peak for a few months. Corn prices have soared throughout the summer due to the historic drought that has withered much of the nation’s prime farmland, which has driven up feed costs for livestock and poultry producers. Those high prices will be passed onto consumers in the form of increased costs at the grocery store, but it will take between six and nine months for those increases to show up on store shelves.

Chad Hart and Shane Ellis of the Department of Economics share their insights in this recent ISU News Service article written by Fred Love. Find the article at: http://www.news.iastate.edu/news/2012/08/29/grocerypricestorise