Livestock producers will take this the hardest, since the government has fewer programs geared toward them, Water and feed are both problems, when you run out of water that is a very hard situation to remedy, much harder than running out of feed. There is an insurance option for pasture and hay land that few people use, I actually took both out for this year because my gut feeling was we would have another drought, based more than anything on the fact we haven't had a multi-year drought since the 1980s. I am anxiously waiting to see how this will actually work, since the entire pasture/hay program is based on rainfall at various locations, I don't know where these measurement stations are or if they have benefited from spotty rains.
No matter how you slice it though, it is far better to raise a crop and raise hay and grass for your livestock than it is to take insurance claims, but thank goodness and the US taxpayer that we do have this safety net. Even so, I am certain this will push some producers out.
I do read weather reports that perhaps this drought will moderate in the next month, the damage is done to the corn, we have what we have, soybeans and grain sorghum will be somewhat more forgiving, but they are hurt permanently as well, just not to the point they couldn't make a passable crop.
Everyone was so excited this spring with the early planted crop, it was planted early because it was hot and dry early, in retrospect that really wasn't anything to celebrate.