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This Nationwide Drought: Bad for Food Prices and Good for Insects

With drought-tied U.S. corn prices at a record high, the effects will ripple far and wide.

The worst drought in half a century will cause food prices to skyrocket, according to the latest figures released by the USDA. More than 60 percent of the country is currently in some state of drought, and week by week, it has worsened. In the past month, the price of corn has climbed 50 percent to an all time high of $8.24 per bushel and is expected to continue upward.

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