Missouri Governor Jay Nixon was in Springfield Tuesday to announce emergency assistance to farmers who need access to water. At the Springfield Livestock Market, Nixon outlined a plan to make more state dollars available faster to farmers. An existing cost-share program is expanding. The state will pay 90 percent of the cost of deepening or drilling wells; previously, the state had covered 75 percent of the cost.
Corn plants dry in a drought-stricken farm field on July 17 near Fritchton, Ind. The corn and soybean belt in the middle of the nation is experiencing one of the worst droughts in more than five decades.
Stop by most any unirrigated farm across the lower Midwest and you'll see crops in distress. Midwestern corn and soybean farmers are taking a beating during the recent drought, but it's not likely to drive many out of business.
Most of those farmers carry terrific insurance, and the worse the drought becomes, the more individual farmers will be paid for their lost crops. The federal government picks up most of the cost of the crop insurance program, and this year that bill is going to be a whopper.