As last year drew to a close, University of Guelph economics researchers Sylvain Charlebois and Francis Tapon were predicting the 2012 overall price increase in food would be about two per cent.
However, Charlebois cautioned at the time, unpredictable heat, cold and rainfall continue to influence farming in ways never experienced in modern-era agriculture. He warned that could send their numbers askew.
“If the weather co-operates, our predictions will be fine,” he said. “But how can we know what Mother Nature will do?”