DROUGHT’S TOLL ON U.S. AGRICULTURE POINTS TO EVEN-HIGHER FOOD PRICES –

When water is as scarce as it has been, farmers and ranchers are forced to make difficult decisions to maximize the resources they have. In California, where the federal government has scaled back on water allocations, growers have paid sizable premiums to buy supplemental water. They also have been forced to leave large parts of their land unplanted or let crops die. (Wall Street Journal)