Home Bisnis Iowa estimates that derecho damage to homes, farms will be close to...

Iowa estimates that derecho damage to homes, farms will be close to $4 billion. Will it go higher? – Des Moines Register

1
0
SHARE


CLOSE

While campaigning in Iowa on Aug. 13, 2020, Vice President Mike Pence says he was taken aback by the devastation caused by the derecho in Iowa earlier this week.

Des Moines Register

The nearly $4 billion hit to Iowa from last week’s ferocious derecho is expected to grow as residents continue to assess the destruction to homes, farms, businesses, livestock and crops, experts say.

About $3.8 billion of the damage outlined in Gov. Kim Reynold’s disaster declaration request to President Donald Trump is to agriculture: a combined 6.1 million acres of corn and soybeans that were mowed down by winds exceeding 100 mph.

On Monday, Trump said he approved the request for disaster assistance. He plans to visit Iowa on Tuesday.

“At first blush, it’s a good number,” Iowa State University agricultural economist Chad Hart said of the early estimate.

Autoplay

Show Thumbnails

Show Captions

But it doesn’t include “infrastructure damage,” Hart said. Officials estimate storage for tens of millions of bushels of grain were destroyed, both on farms and at elevators across a third of Iowa.

Hart and other economists warn that it could take weeks and months…



Read More: https://www.desmoinesregister.com/story/money/agriculture/2020/08/17/derecho-damage-homes-farms-push-higher-than-iowas-4-billion-estimate/5598590002/

This News From Feed news.google title “Iowa estimates that derecho damage to homes, farms will be close to $4 billion. Will it go higher? – Des Moines Register”

Source: https://www.desmoinesregister.com/story/money/agriculture/2020/08/17/derecho-damage-homes-farms-push-higher-than-iowas-4-billion-estimate/5598590002/

geico insurance,instant auto insurance quote,get auto insurance online,purchase auto insurance online,auto insurance quotes online,farmers insurance,farm insurance,a car insurance

Advertisement
loading...