The 2012 Drought: Some Economic Implications

Across Nebraska and throughout the majority of the nation’s major agricultural regions, this summer of severe heat and drought are taking a heavy toll on United States agriculture and beyond. Crops are withering and rain starved grazing land is providing little or no forage. Livestock producers are dealing with poor weight gains and even livestock losses from the heat, as well as facing spiking feed input costs that would have been unimaginable just a few months ago. And with each new day of unrelenting heat and drought, the toll on fields and feedlots mounts. See full article.

Tax Consequences to Drought

It’s been a few years since we’ve had to deal with the drought related tax laws, but with the recent drought conditions across the Midwest, it’s a good time to review them. Access full article.

Cornhusker Economics on Drought