U.S. Plagued by Drought, Bleak Expectations for Crops

Aired: 8/10/2012 | 0:06:21 | Clip
The Department of Agriculture predicts that corn and soybeans will be among the hardest hit crops in the worst U.S. drought in 65 years. Margaret Warner talks to New York Times' Ron Nixon on how the drought will likely will impact global food prices and what it means for U.S. exports.