The High Cost of Good Eating – Tips to Eat for Less

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Food Prices

No matter how old you are, 25 or 65, we all remember those quip and poignant sayings our parents, mostly our fathers, engrained in our early brains. Phrases like ‘if you’re going to do it, do it right the first time’, or ‘close the door, we’re not paying to heat the outside!’ are a few that come to mind. However, the one maxim my father drilled into me time and time again is some of the best advice I have ever received, ‘people don’t plan to fail they fail to plan.’

In honor of my father and planning of course, the Quizzologists want to give you the chance to plan for a developing crisis that may drive up global food prices and put a serious pinch on your wallet when you have to go to the grocery store.

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Drought Disaster
It never rains when when want and now without Mother nature’s help farmers across America are doing the rain dance.

1,000 counties across the United States have been declared disaster areas, more than half of the land surface in the country, as the worst drought since the 1950’s continue to ravage farms from Ohio to Arkansas. (Source: www.WSWS.org)

Skyrocketing Grocery Bills Looming
You can guess what this means. According to Business Week the U.S. corn harvest may drop 11.8 million bushels, pushing the price per bushel close to $8.50, 50 cents higher than the 2008 record.

When corn prices rise, food prices rise because our favorite starch is a staple in a myriad of food products from the feed for cattle, chicken and pigs to Coca Cola and Corn Flakes. The good news is that while meat and dairy products will see the largest prices increases, most other products whose prices fluctuate more on the cost of packaging and other factors will stay relatively stable. The unfortunate part is that most families don’t like eating cereal for dinner.

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Quick Tips to Save on Your Grocery Bill
With this information in hand you may have the opportunity to get ahead of the price curve.

  • Buy the whole cow: Get together with your neighbors and buy a full grown steer, have it slaughtered and split up the cuts.
  • Buy meat in bulk: You may have to buy a freezer for the garage, or you might already have one, but buying in bulk when prices are low saves a ton.
  • Purchase larger cuts:  Buying bigger cuts and slicing the meat yourself is a great way to save on the good stuff.

Our friends at Money Crashers have a must read if you’re ready to save money and buy in bulk.