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Droughts

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  • Drought Sparks Battle Over Ethanol Quotas Friday, 17 Aug 2012 | 3:44 PM ET

    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.

  • Crop Insurance: Uprooting Fraud & Abuse     Thursday, 16 Aug 2012 | 11:20 AM ET

    CNBC's Rick Santelli talks to Sen. Tom Coburn, (R-OK), about keeping farm relief fiscally responsible and reforming unbalanced subsidies.

  • Opportunities From the Drought     Wednesday, 15 Aug 2012 | 7:26 PM ET

    Amid the worst drought in 50 years, there is money to be made in water, reports CNBC's Brian Shactman.

  • Big Opportunities in Grains     Wednesday, 15 Aug 2012 | 6:45 PM ET

    Jonathan Barratt, Founder, Barratt's Bulletin says the grain complex has some of the biggest opportunities as you can't control the weather.

  • The Crop No One Is Talking About: Rice     Wednesday, 15 Aug 2012 | 5:45 PM ET

    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.

  • Drought Rises in Historical Rankings     Wednesday, 15 Aug 2012 | 4:51 PM ET

    A look at how the current drought compares to previous ones, with the Weather Channel's Julie Martin.

  • Making Farming Sexy Wednesday, 15 Aug 2012 | 4:12 PM ET
    Cattle try to keep cool in the remains of a farm pond in a pasture heavily damaged by drought August 3, 2012 near Cuba, Illinois. Farmers in the Midwest and elsewhere continue to struggle after than half the counties in the United States have been designated disaster areas, mostly due to drought conditions throughout the Midwest.

    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.

  • Who’s Benefiting From the Drought? Wednesday, 15 Aug 2012 | 1:29 PM ET
    Jeremy Tilton fills a water tank for cattle in a pasture August 3, 2012 near Cuba, Illinois.

    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.

  • Sen. Johanns: The Resiliency to Feed the World Wednesday, 15 Aug 2012 | 1:06 PM ET
    Crop Failure due to Drought

    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.

  • Gauging the Drought's Impact     Wednesday, 15 Aug 2012 | 12:51 PM ET

    Some companies are profiting from the drought by providing solutions, reports CNBC's Jackie DeAngelis.

  • So Far So Good on Drought’s Impact: Annie’s CEO Wednesday, 15 Aug 2012 | 12:26 PM ET
    Annies Mac and Cheese

    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.

  • Marijuana: The Drought-Tolerant Plant Wednesday, 15 Aug 2012 | 12:07 PM ET
    Pot Plant

    There is apparently one plant that can thrive in the worst drought in half a century. Marijuana.

  • Drought Aid for Farmers Runs Dry in Washington Wednesday, 15 Aug 2012 | 11:40 AM ET
    US President Barack Obama (2nd R) inpects drought stricken corn with US Secretary of Agriculture Tom Vilsack (R) and farmer Don McIntosh (C) and his brothers on the McIntosh farm in Missouri Valley, Iowa, on August 13, 2012.

    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.

  • Drought Drains Mississippi River Trade     Wednesday, 15 Aug 2012 | 11:16 AM ET

    John Yang, NBC News correspondent, reports on how the drought is impacting trade along the Mississippi River.

  • Drought Ravaged Farmers Plant 'Seeds' of Hope     Wednesday, 15 Aug 2012 | 10:51 AM ET

    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.

  • Annie's CEO on Drought & Food Prices     Wednesday, 15 Aug 2012 | 10:34 AM ET

    John Foraker, Annie's CEO, discusses how food companies are faring as commodity prices rise due to the huge drought.

  • Drought: One For the History Books     Wednesday, 15 Aug 2012 | 10:15 AM ET

    The Weather Channel's Maria LaRosa and Mike Bettes report on the historical significance of the current drought and its impact on the economy.

  • Ag. Secretary: We Promise to Help Drought-Stricken Wednesday, 15 Aug 2012 | 10:01 AM ET
    Marion Kujawa looks over an ear of corn picked from one of his fields on July 16, 2012 near Ashley, Illinois. The field from which the corn was picked has yielded more than 180 bushels of corn per acre in past years, Kujawa expects to get less than 15 bushels per acre from this year’s drought-damaged crop.

    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.

  • Sen. Moran: Kansas Farmers Await  Washington Action Wednesday, 15 Aug 2012 | 9:50 AM ET
    Westfahl Family

    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.

  • Cyr: Drought, Ethanol Mandate Equals a Big Problem Wednesday, 15 Aug 2012 | 8:38 AM ET

    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.

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