UAEX Study: Flooding Results in $35.6M in Crop Loss

by Lee Hogan  on Thursday, Sep. 4, 2014 10:52 am  

Followed by the soybean crop, the rice crop saw a $5.6 million loss, corn and sorghum saw a $1.5 million loss and winter wheat saw a $100,000 loss.

Monroe, Poinsett and Woodruff counties all saw losses of more than $4.5 million. Crittenden, Cross, Prairie and St. Francis counties saw losses between $1.5 million and $4.5 million, while Craighead, Jackson and Lee counties saw losses less than $1.5 million.

This year's flooding could also end up affecting whether or not crop insurance indemnities are paid.

"Unlike drought, which can more uniformly affect an entire insurance unit — the acreage covered by crop insurance for a specific crop — flood damage is often more area-specific," Flanders said. "It is possible for a portion of the covered crop acreage to be lost to flood damage without any indemnity payments being triggered."

As an example, Flanders said, "a producer could lose a field of a particular covered crop to flood, but the actual crop yield for the entire insurance unit inclusive of the flood-damaged field could still be high enough not to trigger a crop insurance indemnity."

 

 

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