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Photo Of The Day: Drought Losses In Texas Could Top $8 Billion

(AP) — In this July 22, 2011, photo, West Texas farmer Randy McGee looks over a field of corn near Lubbock, Texas, that is lost to drought. Ranchers and farmers like McGee across the state are dealing with the worst drought conditions in decades at a time when commodity prices are high.

(AP) — In this July 22, 2011, photo, West Texas farmer Randy McGee looks over a field of corn near Lubbock, Texas, that is lost to drought.

Ranchers and farmers like McGee across the state are dealing with the worst drought conditions in decades at a time when commodity prices are high. One agriculture economist said losses this year could be double Texas' single-year record, $4.1 billion in 2006. (AP Photo/Betsy Blaney)

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