This post is part of WRI's "Extreme Weather Watch" series, which explores the link between climate change and extreme events. Read our other posts in this series.
This post originally appeared on Forbes.com.
The effects of the vast drought afflicting America’s farm belt are rippling across the economy. Major companies apparently feeling the heat from rising crop prices include McDonald’s, Smithfield Foods, and Archer Daniels Midland, which processes agricultural commodities.
More than half of the nation’s pasture and rangeland is now plagued by drought – the largest natural disaster area in U.S. history. And with corn prices soaring as crops wither, other sectors are nervously watching the weather forecasts and assessing potential impacts on their business. For example: