The problems have already hit the United Kingdom, with pork prices rising sharply as pig farmers reduce the numbers of their stock.
According to a press release from the U.K. National Pig Association, a "world shortage of pork and bacon next year is now unavoidable."
The problems began, as they often do in farming, with the weather. The Financial Times reports the droughts in North America and Russia are causing feed grain crops to increase.
With the "global failure of (corn) and soya harvests," said the press release, the entire Eurozone has a shortage in animal feed. Their solution is to decrease their pork herds and so the output of bacon.
via Huffington Post