HOT POTATOES: Crop Prices Rise.

nina | July 22nd, 2013 - 9:00 am

Potatoes are on pace for an increase of more than 35 percent this year.

According to the National Agricultural Statistics Service, the May price for 100 pounds of potatoes in Minnesota was $10.50. That’s just the second time in 20 months the price has passed $10, and it’s more than $4 higher than it was in December.

The average price during 2012 was $6.98. Through May, this year’s average has been $9.44. (Prices for June generally don’t become available until late July.)

Last month, alfalfa dropped slightly to $240 a baled ton. That’s its lowest price since January, but crops have still averaged an increase of about 50 percent in price during 2013.

Oats have pushed close to $4 per bushel, an increase of more than 9 percent from last year. And the price for 100 pounds of milk has hovered just above $20 for much of this year, an increase of less than 3 percent from 2012.

Source:  sctimes.com, 7-14-13

Both comments and pings are currently closed.
Facebook IconTwitter IconOn PinterestOn PinterestOn PinterestOn Pinterest