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Drought 2012

  • 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.

  • 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.

  • Gov. Quinn: This Drought Makes Us All ‘Tom Joad’ Wednesday, 15 Aug 2012 | 8:49 AM ET

    In Illinois, we’ve experienced the sixth-driest growing season on record. Of 102 counties, 100 are disaster areas, the state's governor addresses the issue of what's been done and what still needs to happen to help his state.

  • 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.

  • Sen. Pat Roberts: Don't Play Politics With Our Food Wednesday, 15 Aug 2012 | 8:47 AM ET
    Corn plants dry in a drought-stricken farm field on July 17, 2012 near Fritchton, Indiana. The corn and soybean belt in the middle of the nation is experiencing one of the worst droughts in more than five decades.

    The Senator from Kansas writes, "We need to approve this drought assistance to ensure livestock producers can continue providing us with the most affordable and safe food supply in the world."

  • An underdeveloped ear of corn lays amongst corn plants damaged by extreme heat and drought conditions in a field in Carmi, Illinois.

    The worst fears for the U.S. corn crop are being realized, as the government now expects the lowest yield in 17 years and a total crop about a third smaller than what was projected at the start of the growing season.

  • 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.

  • 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.

  • Texas Tourist, Boating Business Hit By Drought Tuesday, 21 Aug 2012 | 11:15 AM ET

    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.

  • July Prices Flat as Drought Stirs Food Inflation Fear Wednesday, 15 Aug 2012 | 11:52 AM ET

    Inflation at the retail level showed no change for a second month in July, even as the Midwest drought threatens to send food prices higher in coming months.

  • Sen. Boozman: Agriculture Safety Net is Saving Farmers Wednesday, 15 Aug 2012 | 8:59 AM ET

    While the crops and livestock of America’s farmers and ranchers are suffering, the U.S. will continue to have the safest, most affordable, most reliable food supply that the world has ever known because of our agriculture safety net.

  • Corn Prices Jump as Crop Size Shrinks Tuesday, 31 Jul 2012 | 10:36 AM ET
    Corn plants struggle to survive in a drought-stricken farm field near Oakton, Indiana.

    The U.S. corn crop continues to shrink, and that is likely to add upward pressure to prices, which hit a record Monday.

  • Can Drought-Tolerant Seeds Save the Crop? Tuesday, 14 Aug 2012 | 3:06 PM ET
    A rotting ear of corn sits on a struggling corn plant in a drought-stricken farm field.

    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.

  • 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.

  • Expected Rain May Be Too Late for Corn Crop Tuesday, 24 Jul 2012 | 1:40 PM ET
    Rain clouds seen over a cornfield.

    Forecasts of rain for the Midwest drove grain prices lower for a second day, but it’s too late for any amount of showers to save the corn crop.

  • Drought Continues to Shrivel Corn Crop Monday, 23 Jul 2012 | 5:19 PM ET
    The corn and soybean belt in the middle of the nation is experiencing one of the worst droughts in more than five decades. Indiana was the nation's fourth largest corn producer in 2011.

    Rain is expected in the Midwest this week, but it’s too late for much of the corn crop, nearly half of which is now expected to be in poor condition or worse.

  • An underdeveloped ear of corn lays amongst corn plants damaged by extreme heat and drought conditions in a field in Carmi, Illinois.

    As the U.S. drought continues and global grain prices soar, G20 leaders are considering an emergency meeting at the end of August to consider what measures to take to combat the growing food crisis.  But the surge in corn, soy and wheat prices could also lead to some benefits for the agricultural sector and an opportunity for investors, according to one fund manager.

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