In other news, this shows how much the world of Finance and Marcoeeconomis is derailed:
MICHELLE MEYER: The Drought Isn't A Big Deal For The US Economy
The article focuses on the impact of higher crop prices. The potential of a huge catastrophy does not enter the realm of possibilities. Not to mention the fact that we mismanage our resources turning corn to ethanol and diverting water to natural gas fracking. Hopefull we will get lucky and it will only be a limited episode but there are certain multi-year calamitous droughts that have covered this area in the past.