Browsing the "midwest" Tag

Heat and Drought Ravage US Crops; Global Stocks Suffer

September 14th, 2012 | by Earth Policy Institute

This Summer's heat and drought are showing their impact on US crops: September estimates from the U.S. Department of Agriculture (USDA) show 2012 U.S. corn yields at 123 bushels per acre, down by a fourth from the 2009 high of 165 bushels per acre


World in Serious Trouble on Food Front

July 24th, 2012 | by Earth Policy Institute

The world was hoping for a good U.S. harvest to replenish dangerously low grain stocks; this is no longer in the cards because of this Summer's extreme weather. World carryover stocks of grain will fall further at the end of this crop year, making the food situation even more precarious. Food prices, already elevated, will follow the price of corn upward, quite possibly to record highs



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