Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Florida agriculture facing ‘unprecedented financial strain’ after four major hurricanes pummel the state
    Commodities

    Florida agriculture facing ‘unprecedented financial strain’ after four major hurricanes pummel the state

    October 22, 20244 Mins Read


    TALLAHASSEE, Fla. (WCTV) – Damages to farmers and ranchers from Hurricane Milton may double the statewide agricultural destruction from three other storms that pummeled Florida since August 2023, according to state Department of Agriculture and Consumer Services Commissioner Wilton Simpson.

    Simpson estimated Milton caused between $1.5 billion and $2.5 billion, on top of more than $1.5 billion in damages already sustained from hurricanes Idalia, Debby and Helene.

    Simpson included the assessment in a letter Thursday asking U.S. Department of Agriculture Secretary Tom Vilsack to make assistance available to Florida farmers through the Farm Service Agency and other federal programs.

    “With four major hurricanes in just over a year, our agriculture communities have been hit repeatedly, causing unprecedented financial strain,” Simpson said in a release. “We need the USDA’s immediate support to help these family farms recover from yet another historic storm. The time to act is now.”

    More Florida politics:

    Milton made landfall in Sarasota County and barreled across the central portion of the state. The other three storms came ashore in Taylor County, causing destruction in rural parts of the Big Bend region and damage along the Gulf Coast.

    Preliminary estimates from Simpson’s agency found Milton impacted 51 counties as it swept ashore Oct. 9 near Siesta Key in Sarasota County with 120 mph sustained winds.

    “This major hurricane follows several years of above average rainfall, severe storms and winds, other tropical cyclones, hard freezes, and the significant economic disruption to all sectors of the economy caused by supply chain issues and mounting inflationary pressures, which may hinder access to necessary resources these farmers need,” Simpson wrote in Thursday’s letter to Vilsack.

    The state agency’s report found major structural impacts to nurseries and cattle ranches, while power outages caused disruptions to cow-milking operations. Cotton, peanut and rice crops suffered “minor to catastrophic” damages. Vegetables, melons, blueberries, strawberries, and tropical fruits experienced “significant damages,” according to the report.

    The citrus industry, already in the midst of a historically low production season before Milton’s arrival, is facing fruit drop and concerns of flooded fields from Milton that will result in tree mortality, the preliminary report said.

    Alico Inc., a major citrus grower, reported Thursday it sustained “minimal” tree damage during Hurricane Milton but that fruit dropped from trees.

    “Our approximately 48,000 acres of citrus groves, which are located in Charlotte, Collier, DeSoto, Hardee, Hendry, Highlands and Polk Counties, sustained hurricane or tropical storm force winds for varying durations of time,” the Fort Myers-based company said in a news release.

    Preliminary findings by the University of Florida Institute of Food and Agricultural Sciences, known as UF/IFAS, estimate that Debby, which hit Florida Aug. 5 with 80 mph sustained winds, caused $93.7 million to $263.2 million in agricultural losses.

    Debby affected more than 2.2 million acres of agricultural land in the state, with two-thirds of the land used for livestock grazing.

    By comparison, Idalia, which made landfall in August 2023 with maximum sustained winds of 115 mph, affected 3.5 million acres and caused production losses of $276 million. Beef cattle, dairy cattle, poultry, and aquaculture accounted for $157.6 million in estimated losses from Idalia.

    The university-based institute has not yet released preliminary findings for Helene, which made landfall Sept. 26 with 140 mph winds, and recently began collecting data from farmers and ranchers to assess damage from Milton.

    Milton slugged many areas that were still recovering from Hurricane Ian, a Category 4 storm in September 2022. Ian caused crop production and infrastructure losses of $1.18 billion to $1.89 billion.

    To stay up to date on all the latest news as it develops, follow WCTV on Facebook and X (Twitter).

    Have a news tip or see an error that needs correction? Write us here. Please include the article’s headline in your message.

    Keep up with all the biggest headlines on the WCTV News app. Click here to download it now.

    Copyright 2024 WCTV. All rights reserved.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    AI-Agents in the Grid: Automated Trading & P2P Pricing

    Commodities

    EDF Energy says four-minute rule could help save ‘£60 a year’

    Commodities

    What the Ofgem price cap announcement could mean for your energy bills

    Commodities

    Metal, pop punk, Final Fantasy and Miss World Chile: the list of new bands joining Limp Bizkit, Guns N’ Roses, Linkin Park and more at Download this year has a lot going on

    Commodities

    Ofgem to announce new energy price cap from April this week

    Commodities

    Agricultural occupancy condition broken at Much Birch home

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Gold and silver prices today on 17-10-2024: Check latest rates in your city

    Stock Market

    Why I’m buying more of these three dividend growth stocks

    Fintech

    Sofi Technologies, PayPal Score Big Beats

    Editors Picks

    Fintech bytes: Docupace touts 200,000-hour windfall for PreciseFP and Hubly users in 2025

    January 30, 2026

    Twisted Metal’s Mike Mitchell Talks Season 2, Stunts in the Wasteland, and More

    August 22, 2025

    Why SOFI Could Be the Fintech Stock to Buy Now — TradingView News

    August 10, 2024

    Press Metal to stay cautious despite good 3Q showing

    November 20, 2025
    What's Hot

    Winter energy bills rise with price cap but there’s a way to save money now

    January 2, 2026

    Top 5 secret investments beating the stock market

    June 23, 2025

    Perth Royal Show: Royal Agricultural Society blames two rainy days for big drop in attendance numbers

    October 6, 2025
    Our Picks

    Why FBI bult a crypto coin of its own to enter cryptocurrency industry

    October 13, 2024

    2 Dividend Stocks to Buy and Hold Forever

    March 12, 2025

    Jim Cramer Says A Consumer Rebellion Is Coming, That Could Be Good News For These Dividend Stocks

    July 26, 2024
    Weekly Top

    EDF Energy says four-minute rule could help save ‘£60 a year’

    February 23, 2026

    Many Workers Have More in Their Driveway Than in Their Retirement Accounts

    February 23, 2026

    silver price today: Why are gold and silver prices rising again and will precious metals continue dream run or fall back sharply? Gold and silver rise, analysts insights and market outlook explained. Here’s what should investors do now

    February 23, 2026
    Editor's Pick

    The Clean Energy Boom You Missed This Year

    December 17, 2025

    Businesses face pressure as bonds mature in droves

    October 25, 2024

    Real estate agent’s ‘wild’ discovery about Australia after moving to America: ‘Can someone please help?’

    December 1, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.