A recent report by the Environmental Working Group reveals the staggering costs of extreme weather on crop insurance payouts, surpassing $118 billion nationally between 2001 and 2022. Iowa, alongside the Midwest, faced severe drought, emphasizing climate change's growing impact on agriculture.

Severe heatwaves and drought in Argentina and Paraguay cause worst harvests in seven years, leading to economic losses, impacting global food prices, and raising concerns about long-term agricultural sustainability.

Brazilian consumers may face high food inflation as meatpackers struggle with increased costs due to a drought affecting livestock feed crops

Dramatic floods in eastern Australia threaten crops, driving up food prices amidst inflation. La Nina's persistence compounds crop losses, demanding collaborative action to mitigate impacts on consumers and the economy.