Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Texas Drought Loss Is Record $5.2 Billion, University Says

Aug. 17 (Bloomberg) -- Agricultural losses from a drought in Texas have reached a record $5.2 billion and may worsen without more rain, Texas AgriLife Extension Service, a unit of Texas A&M University, said today in a report on its website.

The losses, which represent about 28 percent of the state’s average annual agricultural output in the past four years, exceed the previous record of $4.1 billion set during a drought in 2006, AgriLife said. October to July was the driest 10-month period on record. The estimated cost of the drought does not include the impact on vegetable production and nursery crops.

“This drought is ongoing,” David Anderson, an AgriLife livestock economist, said in the report. “Further losses will continue if rainfall does not come soon to establish this year’s winter-wheat crop and wheat grazing.”

Estimated losses in livestock production reached $2.06 billion, costs to cotton producers total $1.8 billion, and hay losses rose to $750 million. The value of lost wheat, corn and sorghum production was $633 million.

“Livestock losses include the increased cost of feeding due to lack of pastures and ranges” and selling cattle at lower weights and prices, Anderson said. “These estimates are considered conservative.”

To contact the reporter on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.