A hops shortage has beer brewers scrambling worldwide. The cost of this key ingredient went up 400 percent last year. Add to that increasing barley prices and it means bad news for the beer drinkers AND the brewers. You can blame it on the bad weather, growers going to other industries, even ethanol subsidies.
But the bottom line is that some pub-goers in Manhattan are already dishing out 50 cents more for a pint of microbrew. That may not seem like much, but prices might shoot up even more this year — in some markets by up to three more dollars more per six pack.
Chris Sheehan, the head brewer at New York City's Chelsea Brewery, let us in on how a good beer-maker copes with tough times like these.