Flood damage at least $110M to Louisiana ag
BATON ROUGE - The LSU AgCenter estimates that the floods in south Louisiana have caused at least $110 million worth of damage to agriculture - and the figure is likely to grow.
Economist Kurt Guidry says in a news release that factors include damage to crop yield and quality, damage to infrastructure and loss of stored commodities. He says typical summer rains could slow the fall of floodwaters, delaying harvest and doing even more damage.
Guidry says few soybeans were harvested before the floods, and that crop has about $46 million in known damage.
He says rice is likely to take a $33 million hit, corn $10 million and sugarcane at least $3 million.
Guidry says livestock deaths are not yet clear. He says reduced pasture and forage will cost producers nearly $2 million.