Record High Hop Prices Could Lead To Increase In Price Of Beer
ALAMEDA, CA - MAY 15: Faction Brewing Company owner Rodger Davis mashes grain in a boiler kettle at Faction Brewing on May 15, 2014 in Alameda, California. The price of beer could be on the rise as a worldwide shortage of hops and an increased demand for craft beers has the price of hops surging to record highs. the crop cost $1.88 per pound in 2004. According to a report by Hops USA, hops prices have nearly tripled from $1.88 per pound in 2004 compared to $3.59 a pound in 2013. (Photo by Justin Sullivan/Getty Images)
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