Outlook for Continued Western Drought

Forbes recently reported, "Droughts, floods, hurricanes and other extreme weather cost the U.S. economy at least $55 billion in 2011, according to NOAA, with 14 separate events exceeding $1 billion. The devastating drought and associated wildfires in Texas and Oklahoma alone cost American crop farmers $7.6 billion and the cotton and cattle industries around $5.4 billion."

(click on Graphic to enlarge it.)