Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Drought could hit both farmers and taxpayers: The persistent drought has farmers staring down the barrel of $18 billion in losses this year, but they won’t be the only ones paying the price. Federal insurance programs could pass up to $10 billion of that on to American taxpayers.

DC tops East Coast start-up city rankings: Courtesy of VentureBeat, the latest rankings of entrepreneur-friendly cities poses few surprises at the top (San Francisco and Los Angeles lead the way). But for once, Washington bested Boston and New York for the East Coast crown.

Small business owners dismissing the idea of retirement: More than four of 10 small business owners (revenues between $100,000 and $10 million) expect never to retire, and on average, even those who do plan to hang it up around age 67, according to a recent Barlow survey.

Keep an eye ‘on’:

Ryan selection sets new stage for political sparring: The election’s battle lines are much more clearly defined now that Mitt Romney has tapped Paul Ryan as his running mate. Previously among a litany of disputes between the two parties, Medicare plans and budget proposals have emerged as the most critical issues and will likely remain front and center all the way through to November.

Helpful advice ‘on’:

How to take your small business international (OSB)

How to take advantage of mobile benefits (Huff Post)

How to make use of your customer data (Entrepreneur)

How to get started with Google Offers (Open Forum)