Peanut butter prices are going up already, but it looks like it's going to get far worse, which is unfortunate, since the spread is generally one of the cheaper forms of protein for the less wealthy. The Week Magazine breaks down the numbers behind the shortage:
Pounds of peanuts that will be harvested this year, down 17 percent from 2010
Years since the United States has experienced a peanut harvest this bad. Blame "high heat, strong winds, and bone-dry conditions," say researchers from New Mexico State University.
The cost of a ton of Runner peanuts in 2010
The cost of a ton of Runner peanuts in 2011
Percentage increase in the price of Jif
Percentage increase in the price of Skippy
Percentage of U.S. households that consume peanut butter