Midwest Drought, Rising Food Prices Affecting Black Businesses
Black Enterprise Magazine January-March 2019 Issue

The drought in Midwestern states has affected many black business owners across the country, according to TheGrio.

The drought, which has been called the worst in U.S. history has sent corn, soybean and wheat prices through the roof in the last few months.

While the rising food prices won’t hit American consumers for another two to three months, they have already hit business owners hard.

“I would hope and pray that [the increases] don’t drag out to the holiday months and that it doesn’t affect anything else. We’re just hearing about flour, but what else is going to be affected long term?” asked the owner of Make My Cake Bakery in New York City, Aliyyah Baylor.

Read the rest of this story at TheGrio

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Black Enterprise is a black-owned multimedia company. Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million.

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