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Are these robust prices squeezing new and beginning farmers — defined by the USDA as producers with less than 10 years experience in the field — out of the land market?
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Inflation affects different parts of the economy in different ways. It can be especially hard on retirees who live on a fixed income, and people already struggling to make ends meet.
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According to the U.S. Department of Labor, the cost of pet food has risen by almost 10% in the past year. Pet services, including veterinary visits, are up by almost 8%.
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Inflation is hitting people with low incomes in Bloomington-Normal, and the social service agencies that support them.