Flood = high food prices

The terrible flood of 2008 is destroying riverside towns and ruining fields. It is now too late for farmers to replant and the existing corn crop is underwater.

David Miller, the Dir of research at Iowa Farm Bureau, says that almost 1.3 million acres of corn and 2 million acres of soy -- almost 20% of the state's crop -- had already been lost to the flood.

Iowa flooding is like Katrina a terrible disaster, but it will cause food prices to go up. Already corn prices are at a record high.