Crops and the Drought

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Monday, August 13, 2012 - 12:56pm

The drought that's gripping much of the country is costing farmers thousands, and even millions, of dollars.

The drought that's gripping much of the country is costing farmers thousands, and even millions, of dollars.

The U.S. Department of Agriculture says this year, the corn yield per acre will be the lowest in 17 years.

Just like any business, it comes with rewards, and it comes with risks.

"We do our numbers and we do our projections, and based on averages," says farmer Gary May.

But lifelong farmers like may know somethings are out of your hands.

"This thing could still dry up. As you can see, the whole field's drying up," says May.

No rain and dry conditions means this entire 600-acre field of corn is now useless.

"Most people don't understand making a risk of this proportion, but it's what we do, this obviously will be a loss, a total loss," says May.

A loss not only to may, but to an industry that reaches far beyond its own fields.

"The supermarkets, they're gonna have to pay whatever it takes to get this crop," says May.
 

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