While other European countries have experienced heavy rains causing severe flooding episodes, the Czech Republic is challenged by one of the worst droughts in its recent history, causing losses of over CZK 12 billion (~EUR 473 million) to the local farmers.
The lack of rain combined with one of the hottest summers in Central European history have caused significant losses for farmers. This year’s drought in central and northern Europe is the worst in recent memory for the region, according to The Guardian. Prolonged droughts affect agriculture, biodiversity, forestry, energy production, tourism, and of course, the general availability of water resources.
The economic impacts of drought are both direct, such as farmers losing money because their crops were destroyed by drought or they had to install new irrigation system, or ranchers forced to spend more money to feed their animals and maintain their stalls, and indirect, as seen by increases in the price of bread and cheese, wrote the Czech journal Brno Daily.