It may be disheartening the price for a pint of beer in Europe has risen to $ 6.30 due to harvest issues and a Russian wheat crisis, reports the London Telegraph. But what’s worse is that bacon prices are going up. Last year bacon prices were cheaper. CNBC says the price went up 20 percent. While grease-loving foodies who may need pay day loan before their next payday cash aren’t in hog heaven over this sorrowful state of swine affairs, researchers claim this is actually a good sign for the U.S. economy.
Bacon now costs approximately $ 4 per pound
The Department of Agriculture has given their opinion on the situation. It feels the rise in price is because there is a supply-and-demand curve that has to be met. There’s a shortage of pork bellies, as pig farms have trimmed their herds during the recession. Tomatoes are at the moment ripe, so BLT sandwiches are a hot item – and thus there’s a need for more bacon. Obama’s Next Crisis,” is what the National Review calls it right about now.
Bad for the few, but great as a whole
The National Review was all upset about the bacon issues. It forgot to mention all the good things to come from it. Bacon is considered to be a luxury item. If more individuals are purchasing it, then more people are feeling comfortable to purchase luxury items. The economy will likely do better considering this outreach for luxury items. Rich Nelson of market research firm Allendale, Inc. said that “They may not be purchasing steak instead of hamburger, however they will put bacon on their hamburger or other things.”
Restaurants know this, so bacon is often a newly featured item on tried-and-true recipes.
Demanding bacon leads to obesety
Demand has caused many of the pig farmers to pick up some more for the herd. Hog tends to be the most picked up thing. Nelson feels like prices will go down. This should happen by mid-2011. In the interim, some consumers may settle for the generic bacon brands, which are typically fattier and leave eaters with less meat after cooking as the fat melts away. Heather Lauer explains to CNBC the greatness of bacon is helping the economy greatly. Also, Mr. Baconpants blog has Jason Mosely saying, “Your BLT deserves the best bacon you are able to afford!”. Hopefully this means that most plan to celebrate International Bacon Day patriotically. It is September fourth. This really is the case.
Additional reading
CNBC
cnbc.com/id/38725523/
The only problem with bacon is that it makes you thirsty… for more bacon.
youtube.com/watch?v=CaK9bjLy3v4
