Dry Weather Could Cost You More at the Grocery Store

July 6, 2012 Updated Jul 6, 2012 at 8:08 AM EDT

By WKBW News

July 6, 2012 Updated Jul 6, 2012 at 8:08 AM EDT

Buffalo, N.Y. (WKBW) – Don’t be surprised if your next food bill is increased by nearly 20 percent. Local Farmers are struggling.

This year has been tough on farmers. First, it was an early spring, followed by a frost that ruined crops. Now, growers are dealing with the heat and lack of rain.

The big concern is over corn. Corn is the key ingredient in as much as 75 percent of the products in the grocery store. Also, things like peanut butter and pop, can go up four percent. Beef prices may skyrocket to 10 percent.

“This drought which is going to reduce the amount of corn we are going to get and that's going to translate into an increase in the price of retail,” Research Economist Ricky Volpe said.

Locally, there is a big concern with cherry, grape and other fruit growers. Many of them lost their crops after March’s surprise warm up, followed by the April freeze.

Farmers fear a repeat of the 1988 drought, which wiped out millions of acres of corn and caused crop damage. It was the worst in recent memory since the Dust Bowl of the 1930’s.