Insights and Stories on Drought

Feb. 18, 2020 at 5:27 pm CST

CORRECTED, Feb. 18 — More ranchers who were up against a dry 2019 may now be eligible to defer some income from their livestock sales for the income tax year. The federal government on Tuesday released the “final list” of designated regions where income tax deferral on sales of breeding […]

By GFM Staff

Jan. 23, 2020 at 2:23 pm CST

Harare | Reuters — Zimbabwe has only 100,000 tonnes of grain in its strategic reserves, enough to last just over a month, as the southern African nation suffers the effects of a severe drought, according to the agriculture minister. More than half the country’s population faces food shortages after maize […]

By Reuters

Jan. 21, 2020 at 12:22 pm CST

Windhoek | Reuters — Namibian state-owned meat processing and marketing firm Meatco is in talks with neighbour Botswana to import cattle, as severe drought decimates local herds and threatens beef export deals with China and European countries. The southern African desert nation moved closer to famine last month after dam […]

By Reuters

Oct. 25, 2019 at 10:03 am CDT

London | Reuters – The International Grains Council (IGC) on Thursday trimmed its forecast for global wheat production in the 2019/20 season as the outlook for Australia’s crop dimmed. In its monthly update, the inter-governmental body cut its global wheat production projection by 2 million tonnes to 762 million tonnes. […]

By Nigel Hunt

Oct. 9, 2019 at 4:43 pm CDT

Santa Cruz | Reuters — Forest fires that swept across Bolivia and Brazil this year could disrupt rainfall distribution across South America’s grains-and-beef producing regions in unpredictable ways for years to come, a scientist and meteorologist said. Recent rains in both countries have helped put out the wildfires, which were […]

By Monica Machicao