Drought

Eat and Grow Rich: How you Can Become a Vegillionaire!

There are roughly 3 million millionaires in the U.S., and nearly everyone else has a plan to become the next one. But there are about 3% of Americans who may not even realize that they're already on the path to prosperity. What's giving their savings scenarios a leg up? They're vegetarians.

Cash-Strapped Farmers Feed Candy to Cows

Cattle farmers struggling with record corn prices are feeding their cows chocolate bars, gummy worms, ice cream sprinkles, marshmallows, bits of hard candy and even powdered hot chocolate mix.

Why Our Catastrophic Drought Won't Bankrupt U.S. Farmers

If you've been worried that this year's drought will put farmers out of business and leave Americans short of the staple crops they need to survive, relax. In its latest farm income forecast, the Department of Agriculture is reporting that U.S. farmers will make more money in 2012 than ever before, even as the country is facing its worst drought in 50 years. Here's how:

Your Summer Forecast: High Temperatures, Higher Food Prices

That unrelenting sun that's been scorching your lawn and straining your air conditioner? It's about to send your grocery bill soaring too. Record-breaking heat and reduced rainfall are wreaking havoc on the corn crop -- and corn goes into practically everything we eat.

Why Beef Is So Pricey -- and How to Pay Less

Beef prices have bulked up so much that thieves are starting to steal it. Consumers might feel like they're getting robbed, too, at the checkout stands. Several factors -- including high cattle feed prices -- mean the prices could continue to climb. Here's how to spend less cash on cows.

Why Beer Costs More: A Sudsy Economics Lesson

It feels like the price of a case of beer is higher than it has been since the Babylonians first started fermenting barley 6,000 years ago. But what's behind the rising prices? Turns out, the explanation requires a tour across the economic landscape -- and around the world.

Food, Clothing Prices Should Fall As Commodities Tumble

Over the past year, the prices of many commodities have risen at record paces to record highs. But recently, those prices have begun to plunge, and consumers should begin to see the effects of those declines fairly soon, in the form of less-expensive groceries and clothing.

Wheat Prices Spike After UN Warns of China Drought

Wheat prices reached their highest prices in more than two years after a United Nations agency warned that China may face a wheat-supply shortage because of a recent drought, The Wall Street Journal reported.

Wheat Rises as Russia Extends Ban, Mozambique Strike Continues

Wheat prices rose after Russia extended an export ban on grains and high food prices prompted a strike in Mozambique. Wheat for December delivery rose as high as $7.2475 a bushel in Chicago trading, Bloomberg News reported. Russia, crippled by drought and wildfires in crop-growing areas, said Thursday that its ban on grain exports would last until after the next harvest.