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Weather and its interactions with technology have important impacts on the economy of farms, households, and entire societies. These relationships were emphasized in the last three years when crop shortfalls in Russia were translated into mammoth export demands for U.S. grain. Similarly, poor weather and short commodity supplies further extended the grain demand for major exporting countries such as the United States. Great fluctuations in prices occurred, bringing large gains to some farmers and traders and large losses and costs to other farmers and consumers. Affected dramatically were areas in Asia and Africa where crop shortfalls resulted in starvation and death for thousands of people.

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Center for Agricultural and Rural Development, Iowa State University


Ames, IA


Agricultural and Resource Economics | Agricultural Economics | Agricultural Science | Agriculture | Climate | Environmental Indicators and Impact Assessment | Soil Science