SOURCE: Golden State Law Group
SAN DIEGO, CA--(Marketwire - Jul 27, 2012) - The San Diego bankruptcy lawyers at the law firm of the Golden State Law Group, a firm dedicated to providing legal assistance to businesses and consumers who are experiencing financial difficulties, hereby announce that the firm is offering a free initial consultation to those who may be experiencing monetary problems due to the rise in food prices that will be spurred by the current drought in the Midwest.
Specifically, these food prices are expected to rise based on a report that was recently issued by the United States Department of Agriculture, or the USDA. The report, which was issued on July 25, 2012, and is known as the "Consumer Price Index/Food Price Outlook," is published by the USDA Economic Research Service.
The report states that because of the drought that is affecting the Midwest, prices for several different types of food will increase during the next year. These price increases will include an increase in the price of beef by a factor of between 4 and 5 percent. Dairy products are expected to increase in price by a factor of 3.5 percent to 4.5 percent. Pork is expected to rise by a factor of 2.5 percent to 3.5 percent and chicken is expected to rise by a factor of approximately 4 percent.
The report goes on to state that many of these food products are influenced by the corn crop in the United States, and an estimated 88 percent of the domestic corn crop has now been negatively affected by the current drought. Corn has risen in price by a factor of approximately 50 percent per bushel from one month ago.
Many businesses and all consumers are affected by food prices, and any increase in these costs can affect those who purchase food. Therefore, consumers and businesses who will experience financial difficulties because of the rising price of food are encouraged to contact the San Diego bankruptcy lawyers at the Golden State Law Group to schedule a free initial consultation that will entail an analysis of that person's or business' overall financial situation.
About the Golden State Law Group
The Golden State Law Group is a law firm in San Diego, California that's comprised of a team of San Diego bankruptcy attorneys who provide legal help to consumers and businesses. Specifically, the attorneys at the firm provide help to consumers in the legal areas of consumer bankruptcy, business bankruptcy, tax debt issues and personal injury cases.