The Missing Link: Droughts, the Economy and Climate Change

Posted by Forbes: Jennifer Morgan on July 23rd, 2012
Forbes: USDA Under Secretary Michael Scuse (right) discusses the drought with an alfalfa farmer in Paulding County, Ohio. Photo Credit: USDA/ Christina Reed The effects of the vast drought afflicting America’s farm belt are rippling across the economy. Major companies apparently feeling the heat from rising crop prices include McDonald’s, Smithfield Foods and Arthur Daniels Midland, which processes agricultural commodities. More than half of the nation’s pasture and rangeland is now plagued by drought......

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