Severe Drought Impacting Crops & Cattle

August 2, 2012 11:33 by Stephanie Siders in Agriculture  //  Tags: ,   //   Comments (0)

The entire mid-section of the US is experiencing one of the driest hottest summers on record which is severely impacting the nation’s agriculture producers.  What was initially expected to be a bumper corn crop has shriveled up and farmers are now turning to crop insurance to save them from a complete loss. Corn prices are sky-rocketing to record levels.







Cattle ranchers are running out of water and grass, forcing them to sell at a time when the U.S. cattle inventory is at a 50 year low.  One such farmer/rancher is my father, who has been selling cow/calf pairs in recent weeks.  Beef prices have been falling as cattle flood auctions throughout the Midwest, however prices are expected to rebound in 2013 when producers begin to rebuild their herds.







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