California ranchers hit by Midwest drought

Posted by Washington Post: Juliet Eilperin on July 28th, 2012
San Francisco Chronicle: California ranchers may be hit harder by the drought in the nation's heartland than farmers in the corn belt. Most corn farmers have subsidized crop insurance, a program so generous that farmers who lose their entire crop could wind up making more money than if there were no drought at all. Cattle ranchers across the country, however, are seeing the price of corn, hay and other feed skyrocket as a result of diminished yield, forcing many of them to slaughter their animals now rather than later.......

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