As we are languishing in this drought. Droughts should not be dismissed as an annoyance. Droughts can have a huge impact on the economy. Droughts even shaped human civilization.
http://en.wikipedia.org/wiki/Drought
The most expensive disasters in the U.S.
http://www.professionalroofing.net/webe ... spx?id=100
Notice that 2 of the 10 costliest natural disasters are droughts.
Billion Dollar U.S. Weather Disasters
http://www.ncdc.noaa.gov/oa/reports/billionz.html