LINCOLN- High grocery prices have been a defining economic story in recent years, driven by a combination of factors including pandemic-related supply chain breakdowns and labor shortages. However, an increasingly critical driver of food price inflation has been the impact of natural disasters, such as droughts, floods, and hurricanes, on the nation’s agricultural output. Prolonged droughts in critical agricultural regions like the Midwest and California have curtailed the supply of grains, contributing to higher prices.

Here is a summary of the data for Nebraska:

Total expected annual loss: $164,713,853
Expected annual loss per farm: $3,703
Expected annual loss rate: 0.60%
Total farms: 44,479
Total agriculture value: $27,651,735,185
Worst natural hazard for agriculture: Hail

For the full article click HERE