Markets

The 2012 Drought Could Become Second Most Expensive Natural Disaster In History

[credit provider=”Scott Olson/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/cow-feeds-in-a-drought-damaged-pasture-as-temperatures-news-photo/148483144″] We spent most of last summer documenting the incredible drought ravaging America’s heartland.It was too soon to know just how bad it was going to be, since the harvest would come a few months later.
The 2012 Drought Could Become Second Most Expensive Natural Disaster In History
Markets

The Drought Is Becoming A Costly Problem For American Homeowners

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:California_Drought_Dry_Riverbed_2009.jpg”] ST. LOUIS (AP) — Carol DeVaughan assumed her suburban St. Louis home was simply settling when cracks appeared in the walls. When she noticed huge gaps between her fireplace and ceiling, and that her family room was starting to tilt, she knew she had bigger problems.Like […]
The Drought Is Becoming A Costly Problem For American Homeowners
News

Prepare For The End Of Meat…

[credit provider=”Robert Libetti/Business Insider”] It simply takes too much water to grow a steak. In a new report, leading water scientists say the human population would have to switch to an almost entirely vegetarian diet by 2050 to avoid catastrophic global food and water shortages.”There will not be enough water […]
Prepare For The End Of Meat…
Markets

The Midwest Drought Could Actually Produce Great Wine

[credit provider=”Flickr via chapter3″ url=”http://www.flickr.com/photos/chapter3/3682724961/in/photostream/”] HERMANN, Mo. (AP) — Most of the grapes in Glenn Warnebold’s vineyard in Missouri’s picturesque wine country are about two-thirds of their usual size. Others have been reduced to raisins by the drought that burned up many crops across the Midwest this summer.Yet Warnebold figures […]
The Midwest Drought Could Actually Produce Great Wine
Markets

ROSENBERG: There Are Bigger Things To Worry About Than The Fiscal Cliff

[credit provider=”BloombergTVBest via YouTube” url=”http://www.youtube.com/watch?v=qIexV2eNskQ”] Analysts have warned that the fast approaching fiscal cliff, and the uncertainty around it, are expected to drag on GDP and hit the stock market. But Gluskin Sheff’s David Rosenberg writes that the global food crisis poses a greater risk to the economic outlook than the […]
ROSENBERG: There Are Bigger Things To Worry About Than The Fiscal Cliff
Markets

It’s Happening — The Drought Is Affecting Steak Prices At New York’s Best Steakhouse

[credit provider=”Daniel Goodman / Business Insider” url=”http://www.businessinsider.com.au/author/daniel-goodman”] Our (arguably) unhealthy obsession with steak means that we’ve been thinking about how the drought would affect our favourite meal for some time now.So we went after the story straight away. Business Insider reported that, in an effort to spend less money on […]
It’s Happening — The Drought Is Affecting Steak Prices At New York’s Best Steakhouse
Markets

What The Threat Of A Global Food Crisis Means For World Markets

The global food crisis of 2007-2008 is threatening to repeat in the coming months, as the worst drought in 50 years devastates the US corn crop, with 51% of the crop rated “Poor/very poor” by the US Department of Agriculture. This crop is said to be on a par with […]
What The Threat Of A Global Food Crisis Means For World Markets
Markets

The US Government Is Buying $170 Million Of Pork, Lamb, Chicken And Catfish

[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org”] WASHINGTON (AP) — The government will buy up to $170 million of pork, lamb, chicken and catfish to help drought-stricken farmers, the White House said Monday as President Barack Obama brought his re-election campaign to rural voters in Iowa.The purchase for food banks and other federal food […]
The US Government Is Buying $170 Million Of Pork, Lamb, Chicken And Catfish
News

Obama Just Took His First Big Direct Shot At Paul Ryan With A New Line Of Attack

[credit provider=”AP”] At a campaign stop in Council Bluffs, Iowa, President Barack Obama hammered newly minted Republican vice presidential nominee Paul Ryan for “blocking” a farm bill that Obama says would “provide relief and certainty to U.S. farmers and ranchers” during the worst drought in more than 50 years.The drought is a new line […]
Obama Just Took His First Big Direct Shot At Paul Ryan With A New Line Of Attack
Markets

CORN YIELDS PLUMMET

[credit provider=”Deathdealeus 1984 via YouTube” url=”http://www.youtube.com/watch?v=dTmMiueFHb8″] Corn yields for 2012 are projected at 123.4, the USDA reports.That’s devastating — it would be the lowest average yield since 1995 if realised.
CORN YIELDS PLUMMET