USA - Hurricane Milton caused hundreds of millions in losses to Florida's agriculture industry

25.12.2024 516 views

Agriculture losses associated with Hurricane Milton are estimated to be as much as $642.7 million across the state, according to findings from a new preliminary report published by the University of Florida.

Hurricane Milton Milton impacted more than 5.7 million acres of agricultural land, 68% of which is grazing land, resulting in an estimated range of $190.4 million to $642.7 million in losses across the state, according to the preliminary report published by the UF Institute of Food and Agricultural Sciences. A final report will be finalized in early 2025.

Combined with hurricanes Debby and Helene, which also made landfall in Florida in 2024, the agricultural industry experienced an estimated $402.3 million to $975.8 million in losses across the state because of hurricane-related damage this year.

"Across both hurricanes Helene and Milton, if you remember correctly, it was only a few weeks prior to Hurricane Milton that we experienced Hurricane Helene," Associate Professor Christa Court said during a news conference announcing the findings on Friday. "We've not finalized our numbers for Hurricane Helene ahead of doing Hurricane Milton, so we have these low and high scenarios for both storms ... so there still will be some adjustments."

Florida agriculture suffered hundreds of millions in losses from hurricanes in 2024

Sarasota and Manatee were among 14 Florida counties that experienced hurricane-force winds during Milton. Those counties also include Pinellas, Hillsborough, Polk, Brevard, Charlotte, DeSoto, Hardee, Highlands, Orange, Osceola, Seminole, and Volusia. An additional 43 counties also experienced tropical storm-force winds, and there were 46 tornadoes that impacted 17 counties in the state associated with the storm.

Milton is estimated to have had the largest impact on Florida agriculture out of three hurricanes that made landfall in the state in 2024. Category 1 Hurricane Debby caused about $170 million in losses and Category 4 Hurricane Helene is estimated to have caused $40.3 to $162.2 million in losses. Combined, all three hurricanes are believed to have caused between $402.3 million to $975.8 million in losses to Florida's agricultural industry in 2024.

Vegetables, melons and potatoes suffered the highest losses, estimated between $52,506 to $233,156. Greenhouse nurseries suffered between $66,923 and $177,300 in losses, animals and animal products suffered between $29,353 and $86,539 in losses, fruit and tree nuts suffered between $14,610 and $57,675, and citrus suffered between $23,088 and $55,153 in losses.

The storms compare to losses suffered across the state associated with hurricanes in previous years, but Court cautions against direct comparisons because of significant improvements to the methodology used by the university over time.

Category 3 Hurricane Irma caused about $1.3 billion in agricultural losses in 2017, Category 5 Hurricane Michael caused about $138 million in losses in 2018, Category 4 Hurricane Ian caused about $1.035 billion in losses in 2022, and Category 3 Hurricane Idalia caused about $276 million in losses in 2023.

Court emphasized that some portions of the industry have been impacted by multiple storms since last year, which could further hamper recovery from this year's storms.

"Some of the folks that experienced Debby or Helene earlier in the season were still recovering from the impacts of Hurricane Idalia from the previous year ... They are experiencing these compound events at this point, and that may build up over time in terms of how quickly they can recover," she said.

 

Source - https://www.heraldtribune.com

05.10.2026

Moldova receives 185 bids for crop insurance aid

Moldovan agricultural producers submitted 185 applications totaling roughly €0.98 million (approx. 19.64 million MDL) to subsidize insurance premiums for 2025 contracts, the country's farm payment agency announced following the close of its September call.

05.10.2026

Climate Risks Push Cambodia to Consider Crop Insurance for Farmers

Droughts, floods and rising temperatures are putting Cambodia’s farmers under growing financial pressure, prompting the Ministry of Agriculture to consider crop insurance as a way to protect farmers from losses.

05.10.2026

USA - USDA Adds More Than 30 Million Base Acres to Farm Safety Net Programs

USDA has added more than 30 million base acres to ARC and PLC and expanded crop insurance options and regenerative agriculture funding.

05.10.2026

India - Why 100 UP Farmers Are Planting Turmeric Beside Crops That Elephants Love to Eat

For farmers in Uttar Pradesh’s Terai, one elephant raid can undo months of work. So instead of relying only on fences, some are trying a simple shift: growing turmeric, a crop elephants tend to leave alone.

05.10.2026

Philippines - Agricultural losses soar past P5.5B as strong El Niño scourges 7 regions

More than 201,000 farmers and fisherfolk nationwide sustained losses reaching P5.56 billion after prolonged dry conditions damaged crops across several parts of the country, the Office of Civil Defense (OCD) reported on Monday, Oct. 5.

05.10.2026

India - Karnataka drought: 217 of 240 talukas affected; crop losses at roughly ₹46,000 crore

Crop losses due to the drought is pegged at around ₹46,000 crore. The Karnataka government has sought ₹7,142.64 crore in drought relief from the Centre under National Disaster Response Fund norms.

01.10.2026

India - Kitchen budget in Mumbai takes a hit as veggie prices rise amid crop loss, low supply

Vegetable prices in Mumbai have risen sharply after Ganeshotsav and with the onset of Pitrupaksha, as erratic monsoon conditions, crop damage and lower arrivals tightened supplies, said traders. 

01.10.2026

Togo Plans Pilot Agricultural Insurance Scheme for Young Farmers and Entrepreneurs

Togo’s PAJEC entrepreneurship program plans to launch a pilot agricultural insurance scheme. The government has issued a call for expressions of interest to select a provider to design and roll out the scheme.