17.
08.20
10:01

Storm damage to 37.7 million acres of farmland in the American Midwest

The state of Iowa is seeking around $ 4 billion in disaster relief after a storm hit the Midwest with hurricanes last Monday, Governor Kim Reynolds said.
The storm caused widespread property damage in cities and rural towns, leaving more than half a million homes and businesses without power. According to media reports, there were at least three deaths from the storm in Iowa.
The storm exacerbated problems for the U.S. agribusiness, already negatively impacted by extreme weather, the U.S.-China trade war and, most recently, the disruption to work and consumption caused by the COVID-19 pandemic.
Winds at speeds of up to 100 mph hit eastern Nebraska, Iowa, Wisconsin, and parts of Illinois in the widespread storm classified as "Derecho" by the National Weather Service.
The storm affected 37.7 million acres of farmland in the Midwest, including 14 million in Iowa, the Iowa Soybean Association said Friday, citing estimates by the U.S. Department of Agriculture.
The storm hit 58.000 crop insurance policyholders with approximately $ 6 billion liability in Iowa, including $ 1.86 billion for soybeans, the Iowa Soybean Association said, citing data from the USDA Risk Management Agency.

Source
Hansa Terminhandel GmbH
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