THE DROUGHT OF 1988: EFFECTS ON THE U.S. FOOD AND FIBER SECTOR AND ON RURAL COMMUNITIES

Economic Research Service

No 278165, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Farmers who entered 1988 without inventories and experienced crop failure will bear most of the financial hardship resulting from the 1988 drought. Federal drought assistance will partially ameliorate these losses. Some farmers can maintain 1988 cash income by selling crop inventories at drought-induced higher prices. Most agricultural input and processing industries will be only mildly affected. Low stream-flow on the Mississippi River system caused grain transportation problems in late spring and early summer. The overall effect of the drought on the U.S. economy will be small, but some farming-dependent rural communities will experience substantial reductions in total business activity.

Keywords: Community/Rural/Urban Development; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 61
Date: 1989-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/278165/files/ers-report-388.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278165

DOI: 10.22004/ag.econ.278165

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().