Prime Source Warns Long-Term Care Facilities to Expect Rising Food Prices in 2013
While long-term care and other healthcare facilities are no longer worrying about milk prices doubling due to the "Dairy Cliff," drought and other factors are predicted to cause food prices to rise significantly in 2013.
Monsey, NY, January 07, 2013 --(PR.com)-- Long-term care facility owners, administrators and purchasing directors planning their dietary budgets for the coming months have been keeping a close watch on the news this week amid fears that milk prices could double due to the so-called “Dairy Cliff.”
Well, the good news is that the budget deal passed by the U.S. Senate this week will prevent milk prices from going off the deep end. The farm provision was part of a deal affecting more than $600 billion in tax increases and spending cuts.
It is important to note, however, that this legislation only guarantees that current policy continues and milk prices will not go up in the short term.
In addition, the Dairy Cliff is not the only important factor impacting dairy and other food prices in 2013.
Last year, weather conditions around the globe dramatically affected crop yields and impacted food production and prices. 2012 introduced the drought in five decades, affecting more than 60% of the continental United States.
The dire news is expected to continue this year. According to Michael Greenfield, CEO of Prime Source, a national group purchasing organization (GPO) and healthcare purchasing company servicing long-term care facilities, “We are telling our clients to plan for continuing increases in prices for dietary of up to 4% in 2013. Shifts in global weather patterns, the drought in the United States, inflation and instability in the Middle East will all affect the prices you’ll be paying for everything, from eggs and milk to fresh produce and beef.”
The economist, Ricky Volpe of USDA's Economic Research Service has been widely reported as saying, "Inflation's going to pick up in 2013 over what we have seen in 2012. So we are looking ahead at a year of above normal food price inflation."
About Prime Source:
Prime Source is a group purchasing organization (GPO) providing purchasing solutions to the non-acute healthcare industry. Over 500 long term care and assisted living facilities, representing more than 15,000 beds across the nation, trust Prime Source to help lower costs, improve cash flow and streamline their supply chain system.
About Michael Greenfield, CEO:
Michael understands the business of healthcare and frequently lectures on current topics to business groups, seminars and healthcare executives. Michael spent the early part of his career managing sales and marketing teams while earning an MBA from Long Island University. Michael has since served in senior management positions in the healthcare industry and has domain expertise in finance and acquisitions. Michael's vision guides the company. He directs daily operations and leads the dynamic Prime Source consulting practice.
For more information, please visit www.primesourceny.com or contact Michael Greenfield, CEO, at 845-517-0020 x2101 or email michael@primesourceny.com.
Well, the good news is that the budget deal passed by the U.S. Senate this week will prevent milk prices from going off the deep end. The farm provision was part of a deal affecting more than $600 billion in tax increases and spending cuts.
It is important to note, however, that this legislation only guarantees that current policy continues and milk prices will not go up in the short term.
In addition, the Dairy Cliff is not the only important factor impacting dairy and other food prices in 2013.
Last year, weather conditions around the globe dramatically affected crop yields and impacted food production and prices. 2012 introduced the drought in five decades, affecting more than 60% of the continental United States.
The dire news is expected to continue this year. According to Michael Greenfield, CEO of Prime Source, a national group purchasing organization (GPO) and healthcare purchasing company servicing long-term care facilities, “We are telling our clients to plan for continuing increases in prices for dietary of up to 4% in 2013. Shifts in global weather patterns, the drought in the United States, inflation and instability in the Middle East will all affect the prices you’ll be paying for everything, from eggs and milk to fresh produce and beef.”
The economist, Ricky Volpe of USDA's Economic Research Service has been widely reported as saying, "Inflation's going to pick up in 2013 over what we have seen in 2012. So we are looking ahead at a year of above normal food price inflation."
About Prime Source:
Prime Source is a group purchasing organization (GPO) providing purchasing solutions to the non-acute healthcare industry. Over 500 long term care and assisted living facilities, representing more than 15,000 beds across the nation, trust Prime Source to help lower costs, improve cash flow and streamline their supply chain system.
About Michael Greenfield, CEO:
Michael understands the business of healthcare and frequently lectures on current topics to business groups, seminars and healthcare executives. Michael spent the early part of his career managing sales and marketing teams while earning an MBA from Long Island University. Michael has since served in senior management positions in the healthcare industry and has domain expertise in finance and acquisitions. Michael's vision guides the company. He directs daily operations and leads the dynamic Prime Source consulting practice.
For more information, please visit www.primesourceny.com or contact Michael Greenfield, CEO, at 845-517-0020 x2101 or email michael@primesourceny.com.
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Prime Source
Jeff Deutsch
845-517-0020
www.primesourceny.com
Jeff Deutsch
845-517-0020
www.primesourceny.com
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