Area farmers stand to profit from drought

By Rachel Baye
Published August 4, 2012 4:00am ET
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Area farmers stand to profit from drought
Steve Niedbalski is seen chopping down his drought and heat stricken corn for feed Wednesday, July 11, 2012 in Nashville, Ill. Farmers in parts of the Midwest, dealing with the worst drought in nearly 25 years, have given up hope for a corn crop and are mowing over their fields and baling the heat withered plants for livestock feed. (AP Photo/Seth Perlman) | Seth Perlman

The severe drought threatening to put Midwestern farmers out of business is helping those in Virginia and Maryland profit.

The prices of corn, soybeans and some grains that are grown both in the Mid-Atlantic and Midwest are soaring as the drought kills off crops from Omaha, Neb., to Chicago. Corn is trading at more than $8 a bushel, compared with the typical $5 a bushel.

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