The price offered to farmers for grain (wheat, corn, sorghum) shot up by about 10% yesterday after drifting down for a few weeks. Soybeans $0.40. Looks like this bill will nip the food customer big time.
My grandfather raises cattle. Recently he told that due to the costs of raising them for beef (corn, wheat, grains, etc.) that next year they will likely go for double the price. This year is already up 23% over last years price.