 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2026 |
|
 |
|
SEVERE WEATHER CAUSED OVER $21 BILLION IN CROP LOSSES IN 2023
Mar. 4, 2024
By Daniel Munch, Economist, American Farm Bureau Federation
Washington, DC -- Weather-associated production risk is a part of life for farmers and ranchers. Through heavy rain, hail, snow, winds and drought, farming families prepare land, plant and harvest knowing their livelihoods are reliant on local weather conditions.
In 2023, 28 weather disasters, each with damages exceeding $1 billion, struck the U.S. coast-to-coast. The National Oceanic and Atmospheric Administration (NOAA) reported that 2023 ranked ninth in terms of the total inflation-adjusted economic impact of these events, with industries across the economy experiencing an estimated $92.9 billion hit (compared to $178.9 billion in 2022). With over 490 lives lost, these disasters will haunt impacted communities for years to come.
To read the entire report click here.
|
|
|
|
|
