An Economic Assessment of the 1999 Drought: Agricultural Impacts Are Severe Locally, but Limited Nationally

While the 1999 drought has had severe financial impacts on agricultural producers in the drought regions, its impact on U.S. agricultural production has been limited. The drought will reduce commodity receipts relative to 1998 by an estimated $1.29 billion. Estimated farm net income losses, including expected yield losses, increases in expenses, and insurance indemnities, will total $1.35 billion, about 3 percent of expected 1999 U.S. net farm income. Drought impacts in areas of the Northeast designated as extreme and severe drought are expected to reduce farmers' net income by nearly $840 million. The regions affected, the crops grown in those regions, the increased use of irrigation, and crop insurance coverage limited the drought's impacts on agriculture nationally. Drought also affects the rural population by reducing water supplies available for human and livestock consumption.


Issue Date:
1999
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/33655
Total Pages:
20
Series Statement:
Agriculture Information Bulletin No. 755




 Record created 2017-04-01, last modified 2017-04-04

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