|United Press International|
As much as 20 percent of the U.S. corn crop could be lost because of the worst drought in decades, an expert said.
Extreme heat and lack of moisture has left crops stunted in much of the Midwest corn and soybean belt from
Lakes are drying up and a
"The cost of subsidizing crop insurance premiums has exploded, from
The high temperature was expected to hit 101 in
"Topsoil has dried out and crops, pastures and rangeland have deteriorated at a rate rarely seen in the last 18 years," the
"Minimally, we have lost 10 percent of the crop, and it wouldn't surprise me if we have lost 20 percent," Lapp said. "We have not seen this kind of weather in at least 30 years. Farmers in many areas are resigned to the fact that they have anywhere from modest losses to complete losses of their crop."
More than half, 55 percent, of the lower 48 states is now classified as being in at least moderate drought, the
Agriculture experts say in the short term prices of beef, chicken and pork could come down if farmers sell their livestock rather than buy expensive feed for the animals. But food prices over the long term will rise.
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