Food prices are rising more than expected

USDA has once again raised its food price inflation forecast.

USDA has raised its forecast for food prices yet again, only this time by a half percent.

Food prices in the grocery store now sit at 10.5 to 11.5 percent more than last year. Economist Matt MacLachlan warns no food categories will cost less than last year.

“For 2022, we do not expect any food price category to decrease. Our lowest forecast range is for beef and veal at 5.5 to 6.5 percent, but this is following two years in which beef and veal was the fastest growing price category at 9.3 and 9.6,” said MacLachlan.

The revised forecast now puts meat and poultry inflation at a 43-year high.

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Farm Traveler is for people who want to connect with their food and those who grow it. Thanks to direct-to-consumer businesses, agritourism, and social media, it’s now easier than ever to learn how our food is made and support local farmers. Here on the Farm Traveler, we want to connect you with businesses offering direct-to-consumer products you can try at home, agritourism sites you can visit with your family, and exciting new technologies that are changing how your food is being grown.
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
Host Ben Bailey hops in the tractor cab, giving farmers 10 minutes to answer as many questions and grab as much cash as they can for their local FFA chapter.