CRISISBOOM

neiuindependent.com

  This summer, the United States experienced one of the worst droughts in history since the dustbowl. Farms went weeks on end without a drop of rain, particularly in the Midwest and, combined with high temperatures, resulted in a significant drop in harvest-ready plants. The drought affected numerous parts of the nation’s industrial sector as well as countries outside of the U.S. The United States has ample agriculture, if one part of the U.S. is experiencing drought and crop loss problems, then the whole food industry suffers as a result. While droughts are not uncommon, this summer the drought conditions were felt all over the United States, leaving almost all farms affected. As the image shows, the majority of the United States experienced at least an abnormal dryness level. The Midwest and Southwestern parts of the United States were particularly hard-hit, experiencing severe to exceptional drought conditions.

The drought conditions were persistent and occurred during the maturing and harvesting periods of the country’s most important crops- corn. The USDA estimated the drought damaged crops enough to lower corn production to by 13 percent when compared to 2011 crop numbers. Corn and its by-products, is used for wheat in food, fertilizer, ethanol, beverages, animal feed and biodegradable plastics. Director of the Agricultural Entrepreneurship Initiative at the University of Iowa and Agricultural Economist Kevin Kimle explained that “corn matures by about Labor Day, but what happens in dry conditions is it Read more…