Reply With QuoteWill the govt bail them out if things get even worse? How would the repubs spin that when their constituents are suffering.
Right now the radar says that southern WI is getting some rain....other than that, it is all EAST of the Mississippi from Lake MI to the Gulf..............
Will the govt bail them out if things get even worse? How would the repubs spin that when their constituents are suffering.
You could send some of that heatwave over here, Europe apparently can't afford summer this year, it feels like October.
In China it's been raining and flooding all summer..Originally Posted by JCR
start here
http://www.militaryphotos.net/forums...=1#post6227263
Then go through those last few pages..
Whew, we got two inches last night! Thought it was going to be another farce.
But whole next week, dry. Oh well.
HAARP, we could REALLY use you
The Govt is backstopping the multiperil crop insurers already so there is every chance they will pick up the tab. Me personally I usually begrudge welfare for enterprise but food production and banking kinda get a free pass in special circumstances I think it would be an easy spin really for the Republicans if they get in and if they have money in hand for a bail out. Many cereal growers have become more sophisticated at hedging these days both with instruments and physical storage but I don't think many had expected or prepared for this level of weather severity.
A bailout of the growers isn't going to save the harvest. Food prices will still go up.
But there is every chance they will get a bailout to prevent subsequent yearly cereal price increases and given the rising demand the last thing you want is a decrease in corn acreage planted the following year.
Not good news..
Des Moines Iowa is restricting the usage of water
...and Some farmers are cutting down their corn cropStory Created: Jul 24, 2012 at 11:33 AM CDT
Story Updated: Jul 24, 2012 at 1:23 PM CDT
DES MOINES, Iowa (AP) — The drought is beginning to hit home. For the first time in 35 years, the city of Des Moines began implementing water conservation measures Tuesday after it pumped a record amount of water — 95.6 million gallons — the day before.
Des Moines Water Works CEO Randy Beavers said Monday's water use surpassed the previous record of 92 million gallons in June 2006.
On Tuesday, the city implemented a Stage 1 of a four-tier water conservation plan. It is voluntary, but asks for a 10 percent reduction in use. It's the first time since 1977 that the city has imposed the measure, Beavers said.
"It's still voluntary, but we're making it a little more noticeable," Beavers said. "We definitely have to reduce consumption by 10 percent."
Des Moines Water Works draws about 70 percent of its water from the Des Moines and Raccoon rivers and about 30 percent from shallow underground sources.
High usage drains water towers to lower levels, which reduces water pressure to Des Moines and the suburbs that are served by the city's water plant. That, in turn, stresses the water system and makes it more difficult for the city's water treatment plant to keep up. Plus, the heat and lack of rain has increased algae which clogs filters more rapidly further reducing the water plant's ability to treat water.
Beavers said current conditions are the worst since the late 1970s. There was a drought in 1989, but the Water Works didn't have the demand it has now.
DES MOINES, IA. — Some cornstalks in fields around the farm where David Kellerman works stand tall. But when the husks are pulled back, the cobs are empty. No kernels developed as the plants struggled with heat and drought.
The soil in Kellerman’s part of southern Illinois is like dust after less than an inch of rain since mid-April. This week, he and the farmer he works with cut and baled the withered plants to use as hay for their cattle.
As the worst U.S. drought in nearly 25 years spreads, farmers in Illinois and Indiana are finding themselves among the hardest hit. But they are not alone, and conditions are likely to worsen throughout the middle of the country with an unusually hot forecast.
Almost a third of the nation’s corn crop is showing damage. On Wednesday, the U.S. Department of Agriculture released another report predicting that farmers will get only a fraction of the corn anticipated last spring when they planted 96.4 million acres, the most since 1937.
It’s too soon to say how that will affect food prices. The cost of meat is most likely to be affected because corn is used to feed cattle.
Corn also is widely used as an ingredient — in corn flakes to ketchup, bread and soda pop — but it accounts for a small fraction of their costs compared to such things as transportation and marketing.
A rule of thumb is that food prices climb about 1 percent for every 50 percent increase in average corn prices, said Richard Volpe, a USDA food markets research economist.
Farmers May Gain Amid Drought With U.S.-Backed Insurancehttp://www.bloomberg.com/news/2012-0...insurance.htmlThis year’s once-in-a-generation drought may leave many crop farmers largely unscathed as they are protected by taxpayer-subsidized insurance, a program Congress is moving to make more generous.With prices for corn, soy and wheat escalating along with estimates of the drought’s severity, government-backed revenue- insurance policies offered through units of companies such asACE Ltd. (ACE) and Wells Fargo & Co. (WFC) probably will be paying out billions of dollars in claims.
Corn Ratings Worsen as U.S. Midwest Drought Expands, USDA Says
http://www.bloomberg.com/news/2012-0...usda-says.html
Read the rest of the article at the linked page.The condition of the U.S. corn crop worsened for a eighth straight week, the longest such streak since June 1996, as the worst Midwest drought in a generation expanded. Soybean ratings also fell.
About 24 percent of the corn was in good or excellent condition as of yesterday, down from 26 percent a week earlier, the U.S. Department of Agriculture said today in a report. An estimated 29 percent of the soybeans got the top ratings, down from 31 percent. The assessments are the worst for both crops for this time of year since a drought in 1988.
“The damage has been done to the corn crop,” Peter Meyer, a senior director of agriculture commodities at PIRA Energy Group in New York, said by telephone today. “Now the weather is starting to become more of a factor in the soybean markets.”
This is going to be really bad for food prices, and not just here in the U.S.
The summer crop is probably bust at this point here, though we've been getting a bit of rain here in WI...enough that the grass is at least green again.
Not all of it...precarious tipping point for sure
China Set to Cut Corn Imports as Drought Spurs Record Price
Yep.. I talked to my father in law on Saturday he said much of the corn crop will be turned into cattle feed(silage).. We went out to his farm on Saturday.. he leases out much of his farm. On the way home it rained so hard we had to pull over for about 15-20 minutes. Turns out our part of eastern Iowa received 2.08 inches of rain. Not enough but better than nothing.
Not good to hear BD. Hang in there.
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