This week, we continued to see historic levels of drought grip much of our nation, impacting thousands of farm families. Although the hard work and innovation of our producers has fueled a strong farm economy in recent years, President Obama and I understand the major challenges this drought poses for American agriculture.
As of July 20, the U.S. Department of Agriculture has designated 1,055 counties across the country as disaster areas due to drought. Significant portions of many crops are impacted – for example, according to the most recent U.S. Drought Monitor report, 88 percent of our nation’s corn and 87 percent of our soybeans are in drought-stricken areas. Rising grain prices are threatening livestock and dairy operators with high input costs.