Official estimates won’t be available until next month, but early speculation indicates that a record area of land may go unplanted this year in the Dakotas and Canadian Prairies.
Officials in the U.S. and Canada are trying to get a handle on widespread weather losses. Early estimates of lost acreage are being revised upward due to excessive moisture the past two months and ongoing flood problems.
Early estimates indicate that overall economic losses from the ongoing disaster could mean billions of dollars in lost revenue for producers and supporting businesses.
To read an article on this topic from Reuters News correspondent Rod Nickel, Click Here.
To read about our recent visit with Risk Management Agency officials, Click Here.