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Drought could be costlier than super-storm Sandy

December 11, 2012

According to the Christian Science Monitor, initial estimates of the costs of the persistent drought in the United States are currently estimated to range between $60 and $100 billion.  Agriculture is bearing the brunt of the costs, which continue to climb.  Livestock producers, unable to find fodder, are again liquidating herds.  Low water and sandbars are preventing fully loaded grain barges from getting down the Mississippi.   The drought could prove to be one of the three most expensive severe weather disasters in the U.S. on record, falling somewhere between Hurricane Katrina ($108 billion) and super-storm Sandy ($75 billion).  Read the story …

grain pile

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