This is all over the news, and you can see the details in Time Magazine. Apparently, farmers didn’t plant enough peanuts last year, and that, combined with bad growing conditions, will make the price of peanut butter (a comestible on which I depend heavily) rise between 25% and 40% next month.
The problem started last spring, when many farmers in states such as Georgia and Texas decided to plant cotton rather than peanuts—because cotton was selling at record-high prices at the time. Over the summer, according to a story published in the Kansas City Star, drought and disease hurt the peanuts that were planted, resulting in a small harvest.
While the peanut supply has dropped, demand has risen over the past few years because, as every frugal mom and bare-bones-budget college student knows, peanut butter is a much cheaper source of protein than meat.
Note: if you feed your cat peanut butter, do it sparingly and infrequently.