Why Are There So Many Billion-Dollar Disasters This Year?

November 22, 2017 10:10 AM

2017 has dealt the country its fair share of challenges.

As billion dollar disasters mount, and Farmer Mac is projecting ag losses from severe weather could set a record.

The National Oceanic and Atmospheric Administration (NOAA) says during the first nine months of 2017, the U.S. experienced 15 separate billion-dollar weather disasters, tying 2011 for the most ever during the first nine months.

2017’s natural disasters included two floods, a freeze, seven severe storms, three hurricanes, a drought and wildfire, and many are leaving marks on agriculture.

Hear why Farmer Mac says it doesn’t take as large of a weather event to create a billion-dollar disaster on AgDay above.

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