Food prices have seen big increases over the last year. The price hikes have become the target of Vice President Kamala Harris and her presidential campaign. She has vowed price control measures, but it is a route that food economists warn has failed in the past.
Food economists with Michigan State University point back to the Nixon Administration. He tried something similar, and economists warn it became a disastrous policy. Government spending and the response to the pandemic are largely to blame. While lockdowns have long passed, they warn it takes time for supply chains to cool after events with such widespread impact.
Drought has been another factor, hurting crops and cattle alike.
