Drought

12:44am

Fri August 17, 2012
Planet Money

Competing Against The Nicest Guy In Town

Originally published on Fri August 17, 2012 12:36 pm

Hondo (left) and Dizz.
Chana Joffe-Walt NPR

For more: Why does the government subsidize crop insurance in the first place? We try to answer that question in our latest podcast.

The federal government spends about $7 billion a year on crop insurance for U.S. farmers. Policies are sold by private companies, but the government sets the rates, so the companies can't compete on price.

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11:40am

Thu August 16, 2012
The Two-Way

More Of The Nation Is Getting The Worst Of The Drought

This week's drought map.
National Drought Mitigation Center

The drought gripping much of the nation is "exceptional" — the most severe classification — in an area covering 6.26 percent of the lower 48 states, according to the latest data from the National Drought Mitigation Center.

That's up from 4.21 percent the week before.

The center's latest map shows increases in size of the areas in Colorado, Kansas, Oklahoma, Nebraska and Missouri that are experiencing exceptional drought conditions.

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10:13am

Thu August 16, 2012
Planet Money

3 Reasons Corn Farmers Are Doing Great Despite The Drought

Originally published on Thu August 16, 2012 1:17 pm

1. They're expecting record revenues

Our colleague Dan Charles writes:

On average, corn growers actually will rake in a record amount of cash from their harvest this year. ...

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1:47pm

Tue August 14, 2012
The Salt

Secret Side Of The Drought: Many Corn Farmers Will Benefit

Originally published on Mon October 22, 2012 9:28 am

President Obama and Agriculture Secretary Tom Vilsack (second from right) inspect drought-damaged corn on the McIntosh farm in Missouri Valley, Iowa.
Carolyn Kaster AP

You've all heard a lot about this year's devastating drought in the Midwest, right? The U.S. Department of Agriculture announced last Friday that the average U.S. cornfield this year will yield less per acre than it has since 1995. Soybean yields are down, too.

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1:17pm

Mon August 13, 2012
The Two-Way

Hog Prices Rise On Word That Feds Will Buy Pork In Bid To Help Farmers

Hogs at a farm in Elma, Iowa (2009 file photo).
Scott Olson Getty Images

President Obama not coincidentally chose Iowa today as the backdrop for his announcement that the federal government is buying $170 million worth of pork, chicken, lamb and catfish to help producers who've been hit hard by drought-related increases in feed costs and by soft prices because of overproduction.

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