THE EFFECT OF THE 2012 U.S. DROUGHT ON GLOBAL GRAIN MARKETS: A MEASURE OF GLOBALIZATION

Authors

  • James W. Dunn
  • Piotr Bórawski

DOI:

https://doi.org/10.58246/sjeconomics.v10i.453

Keywords:

drought, grain markets, globalization

Abstract

The objective of the paper was to present drought’s effects in the USA in 2012 on global grain markets. The problem of drought is very important for farmers, but also for food consumers. The USA is a world leader in grain production and exporters. Lower grain supply had an impact on high prices both grains and nutritious products. The next effect of drought was the increase of fodders for animals and other products.

Published

2012-12-30

Issue

Vol. 10 (2012)

Section

Article

License

Copyright (c) 2022 James W. Dunn, Piotr Bórawski

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