econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

U.S. Drought Intensifies

admin by admin
7월 27, 2012
in 미분류
0
0
SHARES
0
VIEWS

Econintersect:  The July 24 U.S. Drought Monitor showed widespread intensification of drought conditions through the middle of the country, indiana-drought-July-2012SMALLaccording to the National Drought Mitigation Center at the University of Nebraska-Lincoln.  The report indicates that 53.44% of the United States (including Puerto Rico) to be in moderate drought or worse.  When last reported by GEI News on July 8, the moderate drought or worse area was almost 56% of the land area of the lower-48 contiguous states.  In the latest report the area has increased to 63.86%.  Severe drought (or worse) now covers more than 45% of the lower-48.  Extreme and exceptional drought has hit 20.57% of land area.  The unusual drought is damaging crops across the nation’s breadbasket and higher food and ethanol prices are expected over the next year.

Click on caption photo for larger picture of corn field near Vincennes, Indiana, where recent showers have freshened the weeds and grass but was too little, too late for the corn.

The following drought map is produced by National Drought Mitigation Center at the University of Nebraska-Lincoln, the National Oceanic and Atmospheric Administration, the U.S. Department of Agriculture, and about 350 drought observers across the country.

drought-map-us-26-July-2012

From the Drought Monitor at the University of Nebraska, Lincoln:

“We’ve seen tremendous intensification of drought through Illinois, Iowa, Missouri, Indiana, Arkansas, Kansa and Nebraska, and into part of Wyoming and South Dakota in the last week,” said Brian Fuchs, a climatologist and U.S. Drought Monitor author. “The amount of D3 developing in the country has increased quite a bit for each of the last several weeks.”

Fuchs also noted that as of the July 24 U.S. Drought Monitor, every state in the country had at least a small area shown as abnormally dry or worse. “It’s such a broad footprint,” he said.

“This drought is two-pronged,” Fuchs said. “Not only the dryness but the heat is playing a big and important role. Even areas that have picked up rain are still suffering because of the heat.”

The forecasts say the outlook is for drought conditions to develop further and intensify into the fall.

Estimates of damage to crops is varied.  The U.S. Grains Council says that corn harvests will be 14% less than expected at the beginning of the planting season.  Another source, the U.S. Department of Agriculture (USDA), says that only 26% of the U.S. corn crop was in good or excellent condition as of July 22.  Both reports come from an article by Bloomberg written by Rudy Ruitenberg.  As of July 15 the USDA estimated that 38% of the corn crop was in poor or very poor condition.  Two weeks earlier that number was 22%.  If the USDA estimates are accurate then the grains council may be very much too low in their crop loss estimates.

Pictured below is a devastated corn field in Kansas.  It looks like it might as well be in the Sahara Desert.

corn-field-kansas-drought-July-2012

John Lounsbury

Sources:

  • Drought map shows widespread intensification over central United States (Drought Monitor, 26 July 2012)
  • Disastrous Weather Patterns Are Sweeping the Globe, More Signs of Global Warming? (Jillian Friesen, GEI News, 08 July 2012)
  • Corn-Harvest Estimate Cut by ICG on U.S. Drought Damage (Rudy Ruitenberg, Bloomberg, 26 July 2012)
  • Drought damages corn crops (Jim Suhr and Steve Karnowski, Delmarva Now, Associated Press, 18 July 2012)
Previous Post

Trucking Tonnage Improves in June 2012

Next Post

The Secular Bear Has Only Just Begun

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

The Secular Bear Has Only Just Begun

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect