Texas agricultural losses top $5 billion
POSTED: Wednesday, August 17, 2011 - 11:08am
UPDATED: Wednesday, August 17, 2011 - 11:10am
LUBBOCK, Texas — Texas agriculture officials say estimated crop and livestock losses from the blistering drought are a record $5.2 billion, and could go higher.
AgriLife Extension Service economist David Anderson said Wednesday livestock losses were $2.1 billion, and crop losses made up the remainder. The estimate dates to Nov. 1 and includes field
surveys through Aug. 1. Anderson said there could be further losses once crops are harvested.
The previous record was $4.1 billion in 2006. Texas has a long history with droughts. Since 1998, drought has cost Texas agriculture $13.1 billion.
Crops and rangeland across the state have been scorched from lack of rainfall and record triple-digit temperatures throughout parts of Texas. Most of the state has been in the two worst stages of drought since the beginning of May.