Last summer's drought had an affect on the Midwest and other regions heavily. Agriculture, Restaurants, Purveyors and other businesses in addition to families paid the price. USDA ERS gives details:
Current USDA estimates of weather impacts on the farm sector are still reflected in the monthly World Agricultural Supply and Demand Estimates (WASDE) report and the Crop Production report. ERS's February 11, 2013 farm income forecastreflects information in the January 2013 WASDE report, and the forecast will be updated in August. Looking ahead, the 2013 impacts of weather depend on precipitation patterns over the next several months (spring to early fall for many field crops), and will also depend on the response of producers and markets to weather conditions and yields.The most severe and extensive drought in at least 25 years seriously affected U.S. agriculture, with impacts on the crop and livestock sectors and with the potential to affect food prices at the retail level. Below is information on impacts of the drought on key commodities and food prices.
for more details click link
No comments:
Post a Comment