Over 80 percent of California is now in extreme or exceptional drought. CNBC's Jane Wells reports UC Davis predicts this will cost the state $2.2 billion.» Read More
CNBC's Jane Wells reports how the rising cost of grains will impact food prices.
For Colorado, legalizing marijuana will be one of the most important political issues when the November election rolls around, reports CNBC's Brian Shactman.
Darling International chairman/CEO Randy Stuewe, discusses the severity of the Midwest drought, its impact on his business, and the three top risks to his company now.
Luke Chandler, Director of Agri Commodity Research at Rabobank talks about the supply-driven rally in grains. Jim Rogers of Roger Holdings weighs in.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that it's unlikely that the supply-demand balance will turn in the commodities complex, unless China unleashes more stimulus.
Mark Sherry, owner and operator of the steakhouse "Old Homestead," in New York City, offers insight on how the Midwest drought is impacting the price of a good steak.
From marine shop owners to the folks running lake shore businesses, two years with below average rain fall shows the drought is impacting more than just farmers and ranchers in central Texas.
Karen Ward, senior global economist at HSBC, told CNBC, when we see a rise in commodity prices whether we should fear inflation or growth very much depends on the labour market. This time around it is growth that is going to take a hit.
Most farmworkers in California are not in the U.S. legally, and because the crackdown on immigration is working, the state is experiencing severe labor shortages at picking time. CNBC's Jane Wells reports.
Greater spending from the burgeoning emerging market middle class is one of those themes global and emerging market investors have clung to as developed market consumers and governments deleverage. But there’s a growing risk emerging market consumers could start pulling back as industrial commodity prices fall and higher food prices lighten consumers’ wallets.
Three big intertwined but rival agribusinesses — corn farmers, meat and poultry producers, and biofuel refineries — are in a political fight to protect their interests as a drought ravages corn producers and industrial consumers alike, the New York Times reports.
CNBC's Rick Santelli talks to Sen. Tom Coburn, (R-OK), about keeping farm relief fiscally responsible and reforming unbalanced subsidies.
Amid the worst drought in 50 years, there is money to be made in water, reports CNBC's Brian Shactman.
Jonathan Barratt, Founder, Barratt's Bulletin says the grain complex has some of the biggest opportunities as you can't control the weather.
Jim Bower, Bower Trading, discusses the impact the big Midwest drought is having on rice. "We think there is potentially there down the road in the rice market," he says.
A look at how the current drought compares to previous ones, with the Weather Channel's Julie Martin.
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.