Stacy Summary: If you’ll recall, 2011 was a record year for billion dollar weather catastrophes in America. Well 2011 has just been revised upwards. Of the 14 events, one has just been revised up by another $2 billion.
Agriculture officials say losses from Texas’ historic drought are more than $2 billion more than previously thought.
The Texas AgriLife Extension Service now estimates crop and livestock losses at $7.62 billion for 2011 [SH: Total drought losses since 1998 for Texas is $14 billion, so 2011 equals more than half of that total]. The extension service’s preliminary estimate of $5.2 billion in August already topped the previous record of $4.1 billion in 2006.
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