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Detailed text transcripts for TV channel - MSNBC - 20110124:15:49:00

I m joined by personal finance expert. good to see you. look at these numbers. corn up 84%, wheat up, soybean, coffee, sugar up 18%. what s going on? largely i think it s oil prices that are surging. it s one of the weird things that happens when the economy strengthen, oil prices going up so that means that the input costs for farmers also increases to run the mills, to transport the food from state to state. also we ve had temperature problems in florida, for example, in december $112 million worth of crops destroyed because of the freezes cold temperatures. so on top of that, you have a population growing so supply having a tough time catching up with demand. one of the treks we ve seen in the past is when the costs go up, package sizes go down. and so you re paying the same amount of money, you re not ....

Oil Prices , Wheat Up , Whats Going On , Personal Finance , Purina One , Temperature Problems , Input Costs , Cold Temperatures , 12 Million , 112 Million , Package Sizes ,