Drought in Illinois can lead to higher food prices
Champaign, Illinois exposure to the statewide drought Photo by Reginald Hardwick
It’s been a very dry few months in Illinois. According to state climatologist Trent Ford, the average precipitation across the state between the start of April and the middle of last month was the second driest on record going back 72 years. That’s raising some serious concerns for Illinois farmers. Without rain, their corn and soybean run the risk of drying up. We spoke about how this affects the market and how higher prices can hurt demand.
Click here for the Condition Monitoring Observer Reports, to report on drought conditions in your area.
Guests:
Joe Camp
Broker & Analyst, CommStock Investments
Brian Duncan
Vice President, Illinois Farm Bureau
Molly Woloszyn
Regional Drought Information Officer, NOAA