Crops all over America are failing, and the true extent of this crisis is starting to become clearer. Months of endless rain and nightmarish flooding prevented many farmers in the middle of the country from getting their crops planted on time, and millions of acres didn’t get planted at all. And if all that wasn’t enough, this month record high temperatures have been absolutely brutal for vulnerable young crops across the Midwest. We shall see how the rest of the summer goes, but at this point it appears that yields are going to be way, way below expectations, and that has very serious implications for all of us. (Read More...)
Shock Survey: 12% Of U.S. Corn Farmers Didn’t Get Their Crops Planted, 48% Expect “Below-Average Yields This Harvest”
