Nebraska is struggling with an existing food insecurity problem that people should not overlook.
Residents may see the impact of the recent economic activity in various ways. Shortages in one food item might mean shortages in another food dependent on the first. This pattern would mean all items raise in price over time.
Food Shortages in Nebraska
In 2020, the US Department of Agriculture found that 10.5% of houses in the United States faced food insecurity during the year. This percentage accounts for more than 30,000,000 Americans in total.
An organization known as Feeding America reports that food insecurity in Nebraska is nothing to ignore. Over 225,000 Nebraskans are facing hunger. More than 71,000 of those residents are children. That adds up to 1 out of 7 children in the state.
Food shortages occur because of a radical change in the price of food, the demand for food, how much food people produce, and how long it takes the food to ship.
Food prices have changed in the past five years
The rising price of goods and services can make fighting this issue harder. In the last four years, prices of food items have risen considerably.
According to the US Bureau of Labor Statistics, food prices have increased from about 2% to 8.3% between April 2018 and April 2022.
The Bureau is now reporting a more than 14.3% change in price in the cost of meat from last year. Residents will have to prepare for potential scarcity in the months to come.
In addition to higher prices and limited availability, you may be facing a bizarre form of demotion. If your salary hasn't increased by at least 14.3% since 2021, you've actually lost buying power. It's like someone slashing your salary by 14.3% because you can now afford far fewer essentials than last year.
Are you worried about the food security in Nebraska?
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