Record drought conditions are currently being experienced in the US Westers states. Terms such as “dust bowl” are being used. We have been spoiled by record crop yields and great growing conditions in recent years. Is this getting ready to change.
The horrific drought that has much of the western half of the United States in a death grip has already surpassed what many scientists thought was possible. Some areas of the Southwest went more than 200 straight days without any measurable rain last year, vegetation is disappearing at a frightening pace, and giant dust storms are becoming increasingly common. For years, we have been warned that the droughts in the Southwest were getting worse. For years, we have been warned that Dust Bowl conditions would return. Now a nightmare scenario is upon us, and authorities are using the term “megadrought” to describe what is taking place…
I am getting more and more interested in agriculture as an investment theme. More to come in the near future on this topic.