Since the beginning of the summer of 2012, the United States has suffered the worst drought in more than 50 years, with 2/3 of the 48 states suffering from more than moderate drought, and corn and soybean production is expected to be greatly reduced  However, a report released by the United States Department of Agriculture on August 28 th predicts  Us agricultural net income is expected to reach a record $122 2 billion in 2012, an increase of 3
7 per cent over last year
American farmers can get reparations from agricultural insurance to offset some of the production cuts