Updated Texas Agricultural Drought Losses Total $7.62 Billion

The recent Texas drought was the most expensive in history, with losses valued at $7.62 billion. Corn losses nearly doubled at $736 million, wheat lost $314 million, and sorghum nearly lost six times as much as usual at $385 million. Since August 2011, the USDA decreased the amount of Texas wheat acres for harvest by another 100,000 acres, corn was reduced by more than 100,000 acres, and sorghum harvested acres reduced by an additional 150,000 acres. Each of these three crops have significantly decreased yields per acre, leaving significant implications for the state of Texan agriculture.


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