We tend to discuss El Nino just in terms of U.S. crop impact--and it certainly is a valid angle--but there's a lot of other effect that El Nino conditions have in many other countries. The following Associated Press article has a good summary of the big concerns that the intensifying El Nino is causing across the globe.
Worldwide Strengthening El Nino Giveth And Taketh Away
By SETH BORENSTEIN and FRANK BAJAK
WASHINGTON (AP) --- In California, they're counting on it to end an historic drought; in Peru, they've already declared a pre-emptive emergency to prepare for devastating flooding. ...