According to the most recent drought monitor report released by the National Oceanic and Atmospheric Administration, the U.S. is experiencing the worst drought conditions in more than 55 years. The report states that over 60 percent of the country is considered to be in a moderate to exceptional drought.
A lot of attention has focused on the negative impact the drought will have on food prices. This is due to the fact that crops such as corn and soybeans are suffering, and cattle farmers are struggling to pay for feed for their animals.
But the drought is also affecting the power…
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