1. Hydrological Drought
Many watersheds experience depleted amounts of available water. Lack of water in river systems and reservoirs can impact hydroelectric power companies, farmers, wildlife, and communities.
2. Meteorological Drought
A lack of precipitation is the most common definition of drought and is usually the type of drought referred to in news reports and the media. Most locations around the world have their own meteorological definition of drought based on the climate normals in the area. A normally rainy area that gets less rain than usual can be considered in a drought.
3. Agricultural Drought
When soil moisture becomes a problem, the agricultural industry is in trouble with drought. Shortages in precipitation, changes in evapo-transpiration, and reduced ground water levels can create stress and problems for crops.