Most farmers in my area are applying less than half of the normal fertilizer rate. If the drought continues, we are looking at a disaster in the wheat market.
My brother-in-law is selling over half of his cows because he doesn’t have enough hay to get through the winter. Hay prices are skyrocketing. Herd liquidation will cause a temporary drop in beef prices but beef will be unaffordable afterwards.
One hundred years after the Grapes of Wrath, the Californians are moving back to Oklahoma. They have had enough. Housing is still tight here. When someone dies or goes into assisted living, family members are fighting to see who gets to move into the house.