# The Economic Impacts of Drought on US Agriculture

> Resources for the Future researchers estimated the economic cost of drought to US agriculture, with average annual losses of $10 to $14 billion in 2018 dollars. The analysis quantifies crop yield losses from an additional week of drought per year.

- Date: 2019-03-13 · published 2019-03-13T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/59919-the-economic-impacts-of-drought-on-us-agriculture
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The study is a long-term analytical piece on drought costs and climate risk, with no immediate supply change for feed markets.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-03 | [Climate Change Impacts on Agriculture in the Midwest - Union of Concerned Scientists](https://feedsoft.ai/events/53974-climate-change-impacts-on-agriculture-in-the-midwest-union-of-concerned.md) | +1.3% | +0.6% |
| CORN | 2023-07-31 | [Barley Market Report: Drought Shrinks Crops and Impacts Economics - The Barley Bin](https://feedsoft.ai/events/12890-barley-market-report-drought-shrinks-crops-and-impacts-economics-the-barley-bin.md) | -11.7% | -13.2% |
| CORN | 2025-03-25 | [The Growing Impact of ENSO on U.S. Extreme Drought and Flood Events - NOAA/AOML](https://feedsoft.ai/events/25500-the-growing-impact-of-enso-on-u-s-extreme-drought-and-flood-events-noaa-aoml.md) | -1.5% | +3.1% |
| CORN | 2025-12-30 | [Impact of Rain and Drought on December Grain Prices](https://feedsoft.ai/events/13822-impact-of-rain-and-drought-on-december-grain-prices.md) | +0.0% | -2.1% |
| CORN | 2021-06-08 | [Potential for Drought Can Impact Prices and Marketing Plans \| NDSU Agriculture](https://feedsoft.ai/events/46421-potential-for-drought-can-impact-prices-and-marketing-plans-ndsu-agriculture.md) | -2.0% | +2.4% |
| SOY | 2020-03-03 | [Climate Change Impacts on Agriculture in the Midwest - Union of Concerned Scientists](https://feedsoft.ai/events/53974-climate-change-impacts-on-agriculture-in-the-midwest-union-of-concerned.md) | -3.0% | -0.9% |
| SOY | 2025-03-25 | [The Growing Impact of ENSO on U.S. Extreme Drought and Flood Events - NOAA/AOML](https://feedsoft.ai/events/25500-the-growing-impact-of-enso-on-u-s-extreme-drought-and-flood-events-noaa-aoml.md) | +0.7% | +2.8% |
| SOY | 2025-12-30 | [Impact of Rain and Drought on December Grain Prices](https://feedsoft.ai/events/13822-impact-of-rain-and-drought-on-december-grain-prices.md) | -0.7% | +2.4% |

## Sources

- resources.org: https://www.resources.org/archives/economic-impacts-drought-us-agriculture/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.