I was doing a little news reading while taking my lunch break. Interesting to find out the the drought conditions we have been suffering has done immense amount of damage.
We were looking at 44% wheat loss. But today I find out we are facing over 50% loss.
Let me give you a few facts. Kansas is the largest producer of wheat in the nation. one-fifth of all wheat grown for consumption in the US is raised here. And we only keep half of it here, while exporting the other half.
So with over 50% of wheat in poor or worse condition what do you think will be happening with the cost of your bread?
And they are not yet done with the assessments.