To the Point
Drought Slashes Crop Production, Pushes Up Food Prices
The Agriculture Department reported today that his year’s corn yield is the lowest since 1995, resulting from the nation’s worst drought in 56 years. Corn prices have set a record, which could mean higher fuel prices, and there’s concern about food shortages elsewhere in the world.
By Warren Olney • • 1 min readThe Agriculture Department reported today that his year’s corn yield is the lowest since 1995, resulting from the nation’s worst drought in 56 years. Corn prices have set a record, which could mean higher fuel prices, and there’s concern about food shortages elsewhere in the world.
