NEW YORK/ LONDON, March 5- Arabica coffee futures surged above $2 per lb for the first time in two years on Wednesday, on heavy investor buying as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market.» Read More
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.
Andy Lipow, Lipow Oil Associates president, discusses how high corn prices has impacted gasoline prices. "Ethanol prices are up 30 percent in the last 3 months," he says.
President Obama addresses a grassroots event in Iowa and discusses the impact of the recent drought on farmers. He encourages Congress to pass the Farm Bill and make it into law.
Mohit Arora, Executive Director of J.D. Power Asia Pacific says that India assures a steady return in the long term even with significant fluctuations in the short term.
Earlier this week, crude oil bounced up $1 after a false Twitter rumor that Syria's president had been killed. Joe Weisenthal, Business Insider; Catherine Rampell, The New York Times; and CNBC's John Carney, discuss the Tweets you should trust.
Guy Pickard is a rancher in Kansas, and he discusses how the severe drought is impacting his crop. "Things are in kind of a dire situation," he says.
In the last 3 months, corn has soared 35 percent. CNBC's Jane Wells reports the details of the latest USDA report and Jim Iuorio, TJM Institutional Services, weighs in.