Food Prices Could Rise if the Country Hits the Debt Ceiling
ALACHUA COUNTY - As Washington argues over an agreement to end the partial goverment shutdown and a way to avoid hitting the debt ceiling....the value of food prices hangs in the balance.
If the debt ceiling is hit, farmers would have trouble getting loans for crops and equiptment...and the value of the dollar would fall.
These factors hurt farmers and producers, which would lead to across the board increases at the grocery store.
John Hoblick, the president of the Florida Farm Bureau says "it definitely affects the consumer because it is going to drive up the bottom line costs at the grocery store...everything...whether it is grains or corn or soy or vegtables those affects would be felt across the board."
Apart from the debt ceiling issue, services for farmers have already been scaled down in the partial government shutdown.
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