Jason and I haven’t posted in a while, and I’d like to blame this, largely, on those reports that there was going to be a bacon shortage. That’s some end-of-days type ish right there, and you can likely picture us hunkering down in our respective shelters, stocking up on pork bellies and ammo.
Then, today, out comes the news that the “shortage” is no big deal. There should be ample bacon, even if the prices of it might crack your monocle ever so slightly:
The economics of the current drought are likely to nose up prices for bacon and other pork products next year, by as much as 10 percent. But U.S. agricultural economists are dismissing reports of a global bacon shortage that lent sizzle to headlines and Twitter feeds last week. Simply put, the talk of scarcity is hogwash. “Use of the word ‘shortage’ caused visions of (1970s-style) gasoline lines in a lot of people’s heads, and that’s not the case,” said Steve Meyer, president of Iowa-based Paragon Economics and a consultant to the National Pork Producers Council and National Pork Board.
Oh, so they mean the laws of supply and demand are going to be in effect? Well, that’s some breaking news right there. As Jason said, if we can’t trust the media not to overhype economic headlines, what can we trust in any more?