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China Drought
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nelson_farms
Posted 8/17/2013 20:00 (#3273081)
Subject: China Drought


"BEIJING, Aug. 15 (Xinhua) -- A drought that has parched China's southern regions since last month has left nearly 13 million people without easy access to drinking water, the Ministry of Civil Affairs said Thursday.

Continuous hot and rainless weather in the provinces of Anhui, Hunan, Guizhou, Jiangxi, Hubei and Zhejiang, as well as Chongqing Municipality, has caused total crop failure on around 900,000 hectares of farmland.

The drought caused a direct economic loss of nearly 40 billion yuan (6.5 billion U.S. dollars).

Hunan and Guizhou are the worst-hit regions where 3.35 million and 2.98 million people respectively are facing water shortages. The provinces suffered 14 billion and 9 billion yuan in direct economic losses."

900,000 hectares = 2,223,900 acres

That's like taking Texas, Oklahoma, and New Mexico corn production off the table. Wait...due to our droughts in the US we haven't grown much the last two years down there either. Guess it's no big deal. I'm sure their equivalent to Ohio and Illinois will make up for the loss. Bumper crop and negative margins ahead for the Chinese.

Nothing to see here folks.
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