Photo of Iowa

Food Prices  

 

I want to commend Wegmans Food Markets, grocery stores based out of Rochester, New York for doing the right thing and lowering food prices. The family owned grocery store's owners made the point that, "In spite of falling gasoline prices and declining prices for corn, wheat, and soybeans, food prices have not come down anywhere." I appreciate their willingness to help consumers in light of expected lower prices due to decreasing commodity prices. Coincidentally, Wegmans is not a member of the Grocery Manufacturers Association which blamed ethanol for their price hikes when oil and commodity prices rose earlier this year. Food processors and grocery stores reflected higher input costs almost immediately and passed them on to consumers. This smear campaign on ethanol is only an excuse to enhance the bottom line of its members which continue to reap huge profits thanks to price hikes and now lower input prices. Let's hope even more grocers find the courage to stand up to the Grocery Manufacturers Association and demand that savings be passed on to consumers.