Weather disasters in 2022 caused more than $21 billion in agriculture losses – the third costliest year on record.
“Massive losses across the board.”
Danny Munch with American Farm Bureau said their survey found than 95 percent of the losses were caused by drought and wildfires. “With the others linked with other severe weather like tornadoes, the derecho in June and some of the hurricanes.”
And, the breakdown for crops, “About a third is from forage and rangeland losses-$6.3 billion, followed by corn-$4.5 billion, cotton-$3.2 billion, and wheat $2.6 billion.”
Munch says the Great Plains was the hardest hit region as drought rapidly expanded and intensified last year.