Farms.com Home   News

Food Prices Look To Increase In 2021

2020 will go down in history as the year the world battled COVID, but 2021 could down in history as the year the bills started coming due for the cost of that battle.
 
A new food price report for 2021 is predicting the annual food bill for an average Canadian family could rise by nearly 700 dollars. The lead author of the study, Dr. Sylvain Charlebois at Dalhousie says families with less means will be significantly challenged in 2021 and many will be left behind. The new report forecasts an overall food price increase of 3 to 5 percent next year. The most significant increases are predicted for meat, baking, and vegetables.
 
One of the other authors of the study, Dr. Simon Somogyi says Health Canada wants Canadians to eat more vegetables but he says that's going to be harder as prices continue to rise. Somogyi suggests families with tight budgets turn to frozen vegetables which are just as nutritious.
Click here to see more...

Trending Video

A “Nothing Burger” from Trump Xi Summitt + Bullish USDA May Crop Report for Wheat!

Video: A “Nothing Burger” from Trump Xi Summitt + Bullish USDA May Crop Report for Wheat!


The 2026 Trump/Xi Summit in China was one BIG disappointment, but the USDA May Crop Report was bullish U.S. wheat. Wheat Quality Council Tour confirmed the lower wheat production from the USDA for Kansas. Could the U.S. drought travel East and North into the top “I” states from June to August of 2026? #1 U.S. pork buyer Mexico bans 10% of supplies. E15 passes through U.S. Congress but will it pass in the Senate? Higher U.S. wholesale inflation reminds us of 2020-2022. Meal futures spiking + CFTC.