Sunday, October 28, 2012

Outlook for Continued Western Drought

Forbes recently reported, "Droughts, floods, hurricanes and other extreme weather cost the U.S. economy at least $55 billion in 2011, according to NOAA, with 14 separate events exceeding $1 billion. The devastating drought and associated wildfires in Texas and Oklahoma alone cost American crop farmers $7.6 billion and the cotton and cattle industries around $5.4 billion."
(click on Graphic to enlarge it.)

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