CHICAGO, July 9- Last year's U.S. drought, the worst since the Dust Bowl, is delivering its final sting to major grains buyers like Archer Daniels Midland, Bunge Ltd and Cargill Inc, who are paying record-high premiums for dwindling supplies of last year's crops.» Read More
Is agriculture feeling a little down on the farm? End of the world coming with this drought? Clearly the gloom and doomers haven't met the Peterson Farm Brothers.
While wreaking havoc on grain crops, the worst U.S. drought in a half century is providing opportunities for companies that provide and pump the most precious of commodities — water. While the drought is testing farmers and food producers, the volatility in weather patterns is giving water companies new revenue sources, as they provide solutions to the environmental challenges.
Action in Washington, combined with the ongoing efforts by our agricultural experts to mitigate the effects of this drought will ensure that agriculture remains a strong pillar of the U.S. economy that provides good jobs and feeds the world.
Some companies are profiting from the drought by providing solutions, reports CNBC's Jackie DeAngelis.
A drought that has ravaged U.S. crops and sent key commodity prices surging has yet to take a toll on Annie’s pricing or its bottom line, the CEO told CNBC in an interview Wednesday.
There is apparently one plant that can thrive in the worst drought in half a century. Marijuana.
While the federal government is spending more on meat and fish, a relief package and a massive farm bill are still mired in Congress and unlikely to move before the presidential election.
John Yang, NBC News correspondent, reports on how the drought is impacting trade along the Mississippi River.
CNBC's Jane Wells reports one of the worst droughts in U.S. history is hurting crop yields and businesses, but heat-resistant "super seed" may be providing some hope for farmers. Mark Kenney, Iowa farmer, weighs in.
John Foraker, Annie's CEO, discusses how food companies are faring as commodity prices rise due to the huge drought.
The Weather Channel's Maria LaRosa and Mike Bettes report on the historical significance of the current drought and its impact on the economy.
As drought continues to affect most of the country, our thoughts and prayers are with the thousands of farm families who have been affected by this disaster. Today, USDA’s focus remains on doing all we can to support farm and ranch families in an uncertain time.
Back home in Kansas we are spending our time looking up to the sky, praying and hoping for rain. Our state, along with much of the country, is suffering from a very serious drought. Crops are dying, cattle are hungry and being sold off, and water is in scarce supply.
As a result of a Congressional mandate passed in 2005 and expanded in 2007, over 40 percent of this year’s greatly depleted corn crop will be diverted from food and livestock, and instead be sold at the gas pump. We are trading our precious, fertile acres of farmland for a small dent in our oil usage. We are prioritizing our goal to reduce oil dependence over providing food to people.
CNBC's Jane Wells reports on how a new brand of hybrid seeds are helping farmers hurt by one of the worst droughts in U.S. history.
As water levels recede, tempers are rising. Big business and tourism are feeling the impact, along with farmers and ranchers. CNBC's Phil LeBeau has the details.
CNBC's Jackie DeAngelis reports on how this year's drought has impacted water companies across the nation.
The drought has been awful for farmers, but it could reap a bumper crop of good news for the seed business. With much of this year's corn harvest expected to be a disaster, analysts expect farmers to double down on seed purchases next year to get back on their feet.
CNBC's Jane Wells reports on some genetically modified seeds that are specifically made to fight droughts.
David McAlvany, McAlvany Financial Group, and Patric DeHaan, GasBuddy.com, provide perspective on where gasoline prices may be headed in the next month.