As Hurricane Dorian churns toward Florida, the state's agricultural industry is bracing for the possibility of widespread damage; for yet another year, various crop producers could face financial losses.
In 2015, the state's agriculture, natural resources and food industries outputs and sales revenues"were estimated to be greater than $160 billion," Saqib Mukhtar, the Agricultural Programs leader at the University of Florida's IFAS, told. But as hurricanes continue plowing into the state, those working in the industry are left to absorb the financial hit. Even if they have insurance, a report from the IFAS said, the payouts don't cover the financial losses.
Hurricane Michael followed the next year, costing $158 million in crop and animal damages in Northwest Florida and an estimated $1.3 billion in tinder damage, Mukhtar toldPerhaps more significantly, Michael caused enough damage that some farmers simply could not absorb the economic costs of repairing equipment and returning facilities to a functioning state, Court
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Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »