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After Hurricane Katrina made landfall in Louisiana on August 29, 2005, the AgCenter quickly began to assess the damage caused to the agriculture, forestry, and fisheries industries. Since those initial estimates, the AgCenter has refined its projections and now pegs the total economic impact due to losses in revenue and additional production costs at slightly over $1.0 billion.
Louisiana’s fisheries resources affected by hurricanes Katrina and Rita will benefit from fisheries restoration funding in the 2006 Federal Emergency Supplemental Appropriations Act, according to state officials.
Preliminary estimates of damage to Louisiana commodities caused by Hurricane Rita so far total $507 million, according to an LSU AgCenter report.
After Hurricane Katrina made landfall in Louisiana on August 29, 2005, the AgCenter quickly began to assess the damage caused to the agriculture, forestry, and fisheries industries. Since those initial estimates, the AgCenter has refined its projections and now pegs the total economic impact due to losses in revenue and additional production costs at slightly over $1.0 billion.
The dollar amounts, which are estimates of reduced revenue and increased costs, are broken down by storm and commodity. Total estimated costs are also provided.
