Business

Climate change, supply chain and labor issues make food more expensive

The Biden administration said Wednesday it is thinking about it take “bold action” to enforce antitrust laws aimed at meat-packing companies, he says they cause rising prices for beef, pork and poultry in the grocery store.

Even if buoy prices are rising, farmers and ranchers have made less money, the White House said.

Climate change, labor problems, transportation problems and other supply chain disruptions have contributed to rising costs in recent years. Pandemic disruptions have accelerated the rate of price growth.

These price increases have significant consequences for the most vulnerable Americans. The U.S. Department of Agriculture reported Wednesday that 13.8 million families they were considered food insecure in 2020.

The Biden administration last month increased attendance for the Supplemental Nutrition Assistance Program, or SNAP. Formerly known as Food Stamps, benefits have been increased by more than 25%.

“It’s a combination of all these factors,” said SuperMarketGuru.com editor Phil Lempert. “It’s very difficult to say what caused the pandemic? What is climate change doing? What is transportation? So we have to put it all together. And we have to solve it all together.”

Watch the video above to learn how food prices are rising, why costs are rising and what we can do about it.


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