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The '''2012–13 North American drought''', an expansion of the [[2010–13 Southern United States drought]], originated in the midst of [[March 2012 North American heat wave|a record-breaking heat wave]]. Low snowfall amounts in winter, coupled with the intense summer heat from [[La Niña]], caused drought-like conditions to migrate northward from the southern [[United States]], wreaking havoc on crops and water supply.<ref>{{cite news|last=Freedman|first=Andrew|title=Causes Of Midwest Drought: La Nina And Global Warming Thought To Contribute To Dry Weather|url=http://www.huffingtonpost.com/2012/07/21/causes-of-midwest-drought-2012_n_1690717.html|accessdate=14 January 2013|newspaper=Huffington Post|date=21 July 2012}}</ref> The drought has inflicted, and is expected to continue to inflict, catastrophic economic ramifications for the affected states. It has exceeded, in most measures, the [[1988–89 North American drought]], the most recent comparable drought, and is on track to exceed that drought as the costliest [[List of natural disasters in the United States|natural disaster in U.S.]] history.<ref>{{cite web|last=Kimery|first=Anthony|title=FEMA – Dealing with the Drought|url=http://www.hstoday.us/channels/fema/single-article-page/dealing-with-the-drought.html|publisher=Homeland Security Today|accessdate=2012-08-24|date=January 6, 2012|deadurl=yes|archiveurl=https://web.archive.org/web/20111225225040/http://www.hstoday.us/channels/fema/single-article-page/dealing-with-the-drought.html|archivedate=December 25, 2011|df=}}</ref>
The drought includes most of the U.S., parts of [[Mexico]], and central and Eastern [[Canada]]. At its peak on July 17, 2012,{{citation needed|date=June 2014}} it covered approximately 81 percent of the [[contiguous United States]] with at least abnormally dry (D0) conditions. Out of that 81%, 64% was designated as at least moderate drought (D1) conditions.<ref>{{cite web |url=http://droughtmonitor.unl.edu/data/pngs/20120717/20120717_conus_trd.png |title=July 17, 2012 |author=<!--Staff writer(s); no by-line.--> |date= |website=droughtmonitor.unl.edu |publisher=[[United States Drought Monitor]] |access-date=August 9, 2016|quote=}}</ref> Its area was comparable to the droughts in the [[Dust Bowl|1930s]] and [[Drought in the United States#1950s|1950s]] but it has not yet been in place for as long.<ref name=LiveScience>{{cite news|last=Parry|first=Wynne|title=How Bad Is the US Drought?|url=https://news.yahoo.com/bad-us-drought-040658131.html|accessdate=19 July 2012|publisher=[[Yahoo! News]] | newspaper=[[LiveScience]] |date=19 July 2012}}</ref> In March 2013, heavy winter rains broke a three-year pattern of drought in much of the [[Southeastern United States]], while drought conditions still plague the [[Great Plains]] and other parts of the U.S., according to the U.S. Drought Monitor.<ref>[https://www.wsj.com/articles/SB10001424127887324096404578356622584688316 Rains Bring Relief to Region; Winter Weather Reduces Drought in Southeast, Southwest; Other Areas Still Threatened]'' March 12, 2013 [[WSJ]]</ref>
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The drought has cost more than $35 billion in the Midwest, and is predicted to reduce the [[GDP|gross domestic product]] by 0.5–1% of the U.S. as a whole, equating to a loss of $75 to $150 billion.<ref>{{cite web|last=Masters|first=Jeff|title=Dr.|url=http://www.wunderground.com/blog/JeffMasters/article.html?entrynum=2326|publisher=Weather Underground|accessdate=13 January 2013}}</ref>
Crops, particularly strains grown in the most heavily affected regions (such as corn and soybeans), have been noted to be failing or yielding very low this year due to the drought's presence in farming areas.<ref>{{cite web|last=Crutchfield|first=Steve|title=U.S. Drought 2012: Farm and Food Impacts|url=http://www.ers.usda.gov/topics/in-the-news/us-drought-2012-farm-and-food-impacts.aspx|publisher=USDA ERS|accessdate=13 January 2013|deadurl=yes|archiveurl=https://web.archive.org/web/20130116030109/http://www.ers.usda.gov/topics/in-the-news/us-drought-2012-farm-and-food-impacts.aspx|archivedate=16 January 2013|df=}}</ref> This increase in cost will most likely move up the feeding chain and result in raised prices for meat, dairy, and processed food products.{{citation needed|date=May 2013}}Food prices are expected to rise dramatically because the resulting [[Supply and demand|supply]] shortfall.<ref>[http://www.businessweek.com/articles/2012-07-05/drought-stalks-the-global-food-supply Drought Stalks the Global Food Supply], [[Business Week]] July 5, 2012</ref><ref>[https://www.nytimes.com/2012/07/26/business/food-prices-to-rise-in-wake-of-severe-drought.html ''Severe Drought Seen as Driving Cost of Food Up''] July 25, 2012 [[New York Times]]</ref> The price of farm equipment, on the other hand, is expected to decrease as farmers are forced to sell off their equipment and machinery to cope with decreased incomes.<ref>World Magazine "Our Parched Land" August 11, 2012 Daniel James Devine (author)</ref>
Parts of the [[Mississippi]] water levels have plummeted, affecting trade and commerce.<ref>{{cite news|last=MCWHIRTER|first=Cameroon|title=Trade Dries Up Along With Mississippi|url=https://www.wsj.com/articles/SB10001424052702303292204577519294147139420|accessdate=19 July 2012|newspaper=Wall Street Journal|date=13 July 2013}}</ref>
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