http://247wallst.com/2013/03/21/the-seven-states-running-out-of-water/
According to this article, the US is in one of the worst droughts since the 1980's. Over half of the lower 48 states were recorded to have abnormally dry conditions and are suffering from as least moderate drought. When the drought began in 2012, the worst conditions were those states in the corn belt; like Ohio, Indiana, and Michigan. This year the drought is continuing westward to states like Nebraska, Kansas, Colorado, and Oklahoma. The seven states that are in avery poor condition of water are; Oklahoma, Wyoming, South Dakota, Colorado, New Mexico, Kansas, and lastly Nebraska. This growing drought is causing feed shortages, which is driving up prices in livestock. The increasing price of livestock is also driving up the price of wheat. There is worry that this drought will have a large effect on the winter wheat crop, which is one of the largest crops grown in the US. This could cause huge profit losses for those effected. The drought is just one indicator of the important movement towards an awareness for renewable water.
According to this article, the US is in one of the worst droughts since the 1980's. Over half of the lower 48 states were recorded to have abnormally dry conditions and are suffering from as least moderate drought. When the drought began in 2012, the worst conditions were those states in the corn belt; like Ohio, Indiana, and Michigan. This year the drought is continuing westward to states like Nebraska, Kansas, Colorado, and Oklahoma. The seven states that are in avery poor condition of water are; Oklahoma, Wyoming, South Dakota, Colorado, New Mexico, Kansas, and lastly Nebraska. This growing drought is causing feed shortages, which is driving up prices in livestock. The increasing price of livestock is also driving up the price of wheat. There is worry that this drought will have a large effect on the winter wheat crop, which is one of the largest crops grown in the US. This could cause huge profit losses for those effected. The drought is just one indicator of the important movement towards an awareness for renewable water.
Without sufficient foresight and resources for sustainable management of fresh water resources, the problem will become critical in just a decade or two. Global supplies of food and fresh water are going to continue to diminish. The world economy is going to continue to become increasingly unstable and this is something that we should all be concerned about.
ReplyDeleteI can recall how badly this affected the market over this past summer. It caused high premiums in produce prices, and even higher premiums in the options traded. If we do not find a solution to this problem, the government could run out of available funds to continue these subsidies, as well as deceasing the amount of farmers. We would then have to import more agricultural goods and have higher costs than we already have now.
ReplyDeleteI agree with Priyanka. Water is an irreplaceable human resource, and without foresight and conversation, the world will plummet into confusion and chaos.
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