Severe Drought to Drive Up Food Prices

Aired: 7/26/2012 | 0:00:23 | Clip
The drought gripping the Midwest is affecting 88 percent of the country's corn crop and 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. He began by asking how the drought will impact the global economy.

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