Posted: Dec 16, 2009 4:10 PM by Rob Kirkpatrick
NEW ORLEANS (AP) - New estimates show Louisiana farmers stand to
lose $363 million in revenue for major row crops due to late-season
That's nearly $90 million more than in late October, when
Louisiana State University agricultural economist Kurt Guidry made
preliminary estimates with much of the cotton, soybean and sweet
potato crops awaiting harvest.
Guidry's latest report, released Wednesday, shows significant
hits to all three with cotton farmers taking an estimated $89.4
million hit, or losing nearly two-thirds of their crop's value to
the unrelenting rains that fell in September and October.
Soybean damages are estimated at $119.7 million; sweet potato
damages, at $31 million.
Guidry says these losses, added to those suffered in the 2008
hurricanes, will make it tough for many farmers to get money to
plant next year.