Costliest drought
Photo by Scott Liddell on morgueFile
The drought in Texas is affecting ranchers like never before, reports the Austin American-Statesman.
The current drought is likely to be the costliest in a 12-month span, said David Anderson, a livestock economist with the Texas A&M University’s Agrilife Extension Service. In May, Agrilife reported losses statewide at $1.2 billion. Anderson said an August report will likely tally the cost at three to four times that. The cost of the current drought may be even twice that of the previous most costly drought, which cost $4.1 billion in 2006.
It sounds really terrible.
Also, check out the photos in this Washington Post blog post about the drought.