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 Globally: Prices Have Increased July 2007-July 2008  Globally: Prices Have Increased July 2007-July 2008

Globally, commodity prices have risen over the past 12 months-not just food prices.

 Globally: Prices Historical Perspective 1992 to 2008  Globally: Prices Historical Perspective 1992 to 2008

Food Prices have increased by less than the average of all commodities.

 Domestic Commodity Prices  Domestic Commodity Prices

The prices received by U.S. farmers are higher during the past 12 months.

 Prices Farmers Pay Are Also Up  Prices Farmers Pay Are Also Up

The prices paid by U.S. farmers are also up, especially for fuels and fertilizers.

 Consumer Price Index for Food  Consumer Price Index for Food

Retail food prices are forecast to increase 5 to 6 percent in 2008 4 to 5 percent in 2009.

 Consumer Prices: Historical Perspective 1970 to 2007  Consumer Prices: Historical Perspective 1970 to 2007

Recent increases are large in relation to recent time periods, but not close to the changes in the 1970's.

 Factors Influencing Food Prices  Factors Influencing Food Prices:

Global Economic Growth

 Factors Influencing Food Prices  Factors Influencing Food Prices

Weather

 Factors Influencing Food Prices  Factors Influencing Food Prices

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