Severe Drought Kills Hopes of Record Corn Harvest

Aired: 7/26/2012 | 0:00:43 | Clip
The drought gripping the Midwest will send food prices up next year, according to a report released Wednesday by the U.S. Department of Agriculture. Hari Sreenevasan spoke Thursday with Richard Volpe, research economist for the USDA. The USDA had predicted that this would be the largest corn harvest on record, but Volpe says that prediction has been revised.