Florida agriculture losses from Hurricane Ian could total $1.56B

Fox Enterprise Correspondent Madison Alworth reveals Florida’s hurricane influence on used automotive prices and considerations of automotive scammers on ‘Cavuto: Coast to Coast.’

Hurricane Ian triggered As a lot as $1.56 billion in estimated losses to the Florida agriculture Industry, Based mostly on a preliminary report from the College of Florida.

The College of Florida’s Institute of Meals and Agricultural Sciences’ evaluation estimated Industry manufacturing losses at between $787 million and $1.56 billion. 

The Most very important losses Can be reported for citrus, greens and melons and horticultural crops.

The report’s economists furtherly Checked out influences on non-citrus fruit and tree nuts, filed and row crops, and animals and animal merchandise, although noting That there is nonethemuch less uncertainty surrounding proportion manufacturing losses Inside The strongest hit areas.

FLORIDA ORANGE PRODUCTION DOWN 32% FROM Final SEASON, USDA SAYS

Oranges rot on The underside Wednesday, Oct. 12, 2022, at Roy Petteway’s Citrus and Cattle Farm after they have been knocked off the timber from The outcomes of Hurricane Ian in Zolfo Springs, Fla.  ((AP Photograph/Chris O’Meara) / AP Newsroom)

Production loss worths Do not embrace restore or alternative worths Associated to dpersonaled timber or damages to infrastructure.

About 5 million acres of agricultural land have been reportedly affected by the Class 4 hurricane, almost 60% of which was grazing land. 

The report’s authors said An further 500,000 acres have been affected by much less intense hurricane circumstances.

This aerial photo reveals damaged homes and particles Inside the aftermath of Hurricane Ian, Thursday, Sept. 29, 2022, in Fort Myers, Fla. (AP Photograph/Wilfredo Lee) (AP Photograph/Wilfredo Lee / AP Newsroom)

“The influence on Florida’s affected commodities Can’t be undersaid, particularly the heartbreaking damage to Florida citrus, an Industry already dealing with vital challenges,” Nikki Fried, Florida’s agriculture commissioner, said in A press launch. “This evaluation, Collectively with our personal inner evaluation, Is The first step Inside the rebuilding course of and my division will proceed to work with state and federal companions to assist our producers all by way of the restoration course of.”

GET FOX BUSINESS ON THE GO BY Click onING Right here

Some commodities have been already Taking A look at decrease anticipated manufacturing As a Outcome of of A strong freeze event in January that affected a lot of The identical acreage.

Last week, The united statesDepartment of Agriculture said orange manufacturing is dpersonal in Florida by 32% from last season – the scantiest predicted harvest in almost 80 yrs.

Fallen oranges and damaged timber following Hurricane Ian at a grove in Charlotte county, Florida, US, on Friday, Oct. 7, 2022.  (Photographgrapher: Tristan Wheelock/Bloomberg by way of Getty Pictures / Getty Pictures)

So as To Obtain these conclusions, the College of Florida program utilized knowledge from earlier submit-storm evaluations, the Nationwide Hurricane Center, the Florida Department of Agriculture and Shopper Service, USDA Nationwide Agricultural Statistics Service and FEMA.

The group used a 5-yr common for The worth per acre Of every commodity groAs a lot as estimate The complete “at-hazard” manufacturing worth throughout affected areas.

Click on Right here TO Study Extra ON FOX BUSINESS

The state Department of Agriculture and Shopper Providers Is predicted to problem storm-related findings later this week.