Federal Reserve Bank of Minneapolis

Drought conditions causing economic hardships

Federal Reserve Bank of Minneapolis says biggest impact will be on agriculture.

MINNEAPOLIS (KVRR) — A lack of rain is more than hurting farmers’ and ranchers’ bottom lines. Officials from the Federal Reserve Bank of Minneapolis are releasing their findings saying the biggest impact of the drought will be on agriculture. Some of those impacts could mean the cost of goods going up as supplies for wheat, small grains and livestock may…