The economy remains in dire straits. We’re all cutting back to save a little more of our hard-earned money. And when we are choosing to spend our money, we are trying to save it up for the purchases we prize the most: like eating bacon. This has been often a good idea. Bacon is generally a cheap and plentiful product, and bacon makes us happy (check the Best Bacon Recipes). But recent indicators suggest that a problem could be brewing down South: our American friends may soon be experiencing a hike in bacon prices. And there’s some sad indications the same sort of problem could pop up on the Canadian side of the border. Full details about this potential bacon-otastrophe are after the jump.
Bacon Prices are Set to Hit a Summer Spike
This NBC report is the first to offer details on why exactly we should be concerned about a bacon price surge. Bacon prices are linked to hog prices – strangely enough – and those are linked to corn prices. Corn prices are affected by a lot of things, but they can be really hit hard by the cost of oil. And oil, as any driver can tell you, has been seeing its price shoot through the roof recently.
That’s a lot of hoo-haw to tell you that bacon prices are set to jump this summer in the US. So, how much is it jumping? Some experts are predicting it could jump upwards of 50% by the middle of the summer. That’s a huge leap for some little pieces of bacon.
The Response: PANIC
Predictably – and I don’t blame them – our American bacon-loving friends are concerned. Jason Mosley, of the Baconpants blog, says that, “Everyone is kind of freaking out about it.” But bacon lovers are resourceful folks, and he predicts that they’ll start cutting back on inessential items to help make more room in their bacon budgets. “I think they’ll make cutbacks other places — stop buying other things so they can afford bacon,” Mosley told NBC. He further added that he will probably cut back on fruits and vegetables to make the necessary room in his budget.
Some of the concern is a little overblown. It’s not like this crisis doesn’t happen every year. Bacon prices tend to jump in the summer because that’s when tomatoes are ripest, and people start eating lots of BLTs on patios. But this means that we as Canadians have to worry about it a little, too: all of those great patios are going to encourage people to eat up BLTs. And that we’ll mean that bacon prices could rise on our side of the border, too!
The Best Defense Is a Lot of Bacon
In situations like this, I think forethought is always a good way to combat the urge to panic. Bacon can sit in the fridge for a few weeks if it’s unopened, and you can always freeze it for even longer. So consider creating a strategic bacon stockpile to help you through any potential bacon price swings. I think I might. It’s always better to be prepared for the unexpected!
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