Agricultural Economics Department

 

Date of this Version

July 2002

Comments

Published in Cornhusker Economics, 07/17/2002. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html

Abstract

Nebraskans see it around them every day. Browning pastures, withered cornfields and higher water bills are reminders of the ongoing drought. Not surprisingly, most of us worry about the drought’s impact in personal terms. If you farm, what is it doing to my crops? Or my irrigation costs? If you own a business in a rural community, how much is the drought reducing producers’ off-farm purchases? Obviously, the bottom-line concern is that droughts affect our pocketbooks.