| USDA predicts a 2.5 to 3.5 percent increase in food bills this year despite falling crop prices. |
For corn, wheat, and rice farmers, the strong prices they saw in 2007 and 2008 are but a distant memory by now. As a consumer, you probably haven't noticed.
That's because when you pour a bowl of Rice Krispies, Corn Pops, or Wheaties, the price tag stuck to the box is still higher than usual.
Newspapers were filled with stories in 2008 and 2009 about exploding grocery bills, and many of those pieces included quotes from food companies that painted farmers as the villain because of higher-than-usual crop prices.