This has been the worst drought on record for decades. Farmers have been hit the hardest, as they wait for that miraculous rainfall. Their corn crops have suffered the most as their production numbers dwindle. Weather has been too hot and crop production too low into nonexistent. One end result is Americans paying higher costs for food.
Corn crops are suffering. Many farmers will not produce the yields they have in past production years. And too many will not survive to plant another crop. Minority-owned farms, usually the most precarious in their operations, will be especially hard hit.
Most farmers rely on farm subsidies or federal crop insurance to cover crop losses. Many black farmers and other small producers cannot afford federal crop insurance premiums. They are just too expensive.
The least financially secure farmers are faced with the bottom line just like any other business: “Do I purchase federal crop insurance or do I purchase the high-cost corn and soybean seeds to plant my crops?” I can tell you from personal experience that farmers like me will purchase the seed every time.
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