Texas ag losses at record $5.2B |
| Forbes - Aug 17, 2011 |
The blistering drought in Texas has caused an estimated $5.2 billion in crop and livestock losses this agricultural season, a record figure that could still rise, state officials said Wednesday.
AgriLife Extension Service economist David Anderson said field surveys from November 2010 to Aug. 1 this year indicate livestock losses of $2.1 billion and crop losses of $3.1 billion in the state. By the time crops are done being harvested, it might be more.
"There can still be some losses there when we see what's harvested," Anderson said. "I think it's going to get bigger."
The previous record annual loss was $4.1 billion for the 2006 growing season, Texas agricultural officials said.
This year, drought has spread over much of the south, leaving Oklahoma the driest it has been since the 1930s and setting records from Louisiana to New Mexico. But the situation is especially severe in Texas, which is the nation's second-largest agriculture state behind California.
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- Posted: 2011-08-17 11:43:35
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