U.S. Drought 2012: Farm and Food Impacts- Alexis Brunson

In this article, it describes the impact of the drought. It explains that The most severe and extensive drought in at least 25 years is seriously affecting U.S. agriculture, crops and livestock sectors and can have an effect on the retail pricing of goods. One key quote in the article is this : "With the ongoing drought expected to destroy or damage a portion of the field corn crop in a number of States, an increase in the farm price of corn has already occurred and additional increases will depend on wil the extent of the drought. This will in turn, affect the price of other crops, such as soybeans, and other inputs in the food supply such as animal feed. Any effect on U.S. retail food prices would depend on the severity of the drought and would begin to appear on supermarket shelves in the Fall". Lets hope with vast amonts of rain  we willl soon be out of a drought and prices will not rise !

 

http://www.ers.usda.gov/newsroom/us-drought-2012-farm-and-food-impacts.aspx