247WallStreet.com - 3/21/13

The United States is in the midst of one of the biggest droughts in recent memory. At last count, over half of the lower 48 states had abnormally dry conditions and are suffering from at least moderate drought.

More than 80% of seven states were as of last week in “severe drought,” characterized by crop or pasture loss, water shortage and water restrictions. Depending on whether the hardest-hit regions see significant precipitation, crops yields could fall and drought conditions could persist for months to come. Based on the latest data provided by the U.S. Drought Monitor, 24/7 Wall St. reviewed the seven states running out of water.