Falling U.S. Food Prices Are Impacting Farmers And Shoppers

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Corn stalks are silhouetted by a setting sun Friday, July 22, 2016, in Pleasant Plains, Illinois, as the temperature hovers around 100 degrees. (Seth Perlman/AP)

The U.S. is on track to produce huge amounts of staples like corn, wheat and soybeans this year, at a time when demand for those and other U.S. food products is falling in other parts of the world.

Cheaper prices for grain have a big impact on other food production, like that of dairy, eggs and beef. If the trend continues, this could be the longest period of slumping food prices since 1960.

While that means good news for many consumers, the agriculture industry in many regions of the country is struggling. Here & Now‘s Jeremy Hobson speaks with Jason Bellini of the Wall Street Journal.


Jason Bellini, video reporter and senior producer for the Wall Street Journal. He tweets @jasonbellini.

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