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While crop insurance covered nearly $560 million of the losses, farmers had to pay another $243 million out of pocket.
According to the National Oceanic and Atmospheric Association, the derecho’s damages totaled $11.5 billion, making the event the most costly thunderstorm in U.S. history.
Why This Matters: Natural disasters are incredibly costly, particularly for farmers. Last year, natural disasters caused $6.5 billion in damage to crops, pasture, and rangeland. In total, damage from natural disasters — from hurricanes and wildfires to drought and tornadoes— cost $99 billion, making 2020 the fourth-most expensive year of natural disasters since 1980, the National Oceanic and Atmospheric Administration reported.
With this year’s drought pummeling the West, it could be another dismal and costly year for our nation’s farmers. And currently, the Midwest is bracing for another derecho.
The Cost of Drying Out America’s Farmland: The damages to Iowa’s corn, soybeans, and other crops reached $490.8 million as a result of the derecho, and $308.2 million as a result of the drought. In addition to 6 million acres of farmland the storm destroyed, the derecho also battered farm equipment and livestock, damage that wasn’t accounted for in these latest estimates.
Luckily, the federal government covered many of these losses through crop insurance, but farmers still had to pick up much of the slack. Federal crop insurance covered $2.9 billion in losses from last year’s growing season, leaving farmers to cover $3.6 billion of the damages — in Iowa, farmers had to cover $147.5 million in costs from the derecho and $93.7 million from the drought.
By Natasha Lasky, ODP Staff Writer A new report, Meat Atlas 2021, shows that 20 milk and livestock companies produce more greenhouse gas emissions than Britain, France, or Germany, and the world’s five biggest meat and dairy companies emit the same volume of GhGs as fossil fuel giant, ExxonMobil. Worse, over 2,500 investment firms, banks, […]
Plant-based products are sweeping the nation, not just in households, but in America’s restaurants too. Marie Molde, a dietitian and trends analyst at the research firm Datassential, says that the plant-based Beyond Burger and Impossible Burger appear on 5% of the nation’s menus, and 71% of Americans have tried plant-based meat. Now, plant-based companies are […]
By Amy Lupica, ODP Daily Editor The World Wildlife Fund (WWF) has teamed up with a coalition of hotel companies and the consulting group, Greenview, to fight waste in the hospitality sector. Together, they’ve developed the Hotel Waste Measurement Methodology (HWMM), which will provide a standardized approach for the hotel industry to collect data and […]
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