Severe Droughts Pressure Meat and Dairy Production
Investors have an unexpected worry: access to water.
Droughts have hit countries around the globe from Spain to Syria this year and parts of the U.S., including farm-heavy North Carolina. Worries about increasingly high temperatures have investors wondering how farming businesses are dealing with water shortages.
Meat and dairy farms rely on water to hydrate their animals, grow crops to feed them and even to cool them off in extreme heat. Two-thirds of livestock companies surveyed by an investor group aren't properly managing potential water shortages, "indicating widespread failure to manage water-related risks effectively," according to a report published on Tuesday...
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