Pumpkin Prices Up This Year Due To Drought

10/12/2012 12:41 pm ET
  • John Sanburn Moneyland

Last year’s flooding throughout the Midwest pushed prices of some pumpkins 60% higher around the U.S. This year, widespread drought is causing prices to edge up once more because of several regional shortages. But this time, most farmers are expecting one of the healthiest pumpkin crops in years — and they’ve actually got the drought to thank.

The Drought of 2012 has extended its arid tentacles into so much of what we’ve bought this year: Prices for U.S. beef, milk and groceries in general have all been higher. Problems shipping commodities along the Mississippi River and the Great Lakes may still force prices up on everything from cereal to automobiles.

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