California dairies reeling after Midwest drought

Thursday, November 29, 2012
By Paul Martin

Dennis Pollock
Nov. 29, 2012

What is being termed “the worst drought since the Dust Bowl” cut deeply into production of wheat and corn and had a tremendous impact on dairies in California and elsewhere that struggled against rising feed costs.

The 2012 drought, spawning the third hottest summer on record for the contiguous United States, was among the top agricultural stories of the year.

At an agribusiness conference in Fresno, experts on more than a dozen commodities traced the interconnections of crops while giving projections for their outlooks in the year ahead.

Here’s a synopsis of each of those industry reviews presented at the 31st Annual Agribusiness Management Conference sponsored by Fresno State University’s Center for Agricultural Business, Bank of America and the California Agricultural Technology Institute at Fresno State.

• The nation saw record high corn and soybean prices and the second highest wheat values, ever, thanks to the drought, said Joel Karlin, commodity manager and market analyst with Western Milling in Goshen, Calif.

The Rest…HERE

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