Cheap Beef Isn’t Always a Positive
The drought of 2012 now covers more than half of the continental United States. Temperatures have set records throughout 2012 leading to the warmest 12-month period since the National Oceanic and Atmospheric Administration (NOAA) began keeping records in 1895. Grain farmers are at least partially compensated for their lower output by higher prices on delivery as well as various insurance programs that kick in when output falls to pre-determined levels. The cattle industry faces an entirely different dilemma.