Potential Nebraska ag losses pegged at $3.7B from pandemic
June 10, 2020
LINCOLN, Neb. (AP) — Nebraska potentially faces nearly $3.7 billion in agricultural losses from the coronavirus pandemic if economic conditions do not improve, the Nebraska Farm Bureau said Wednesday.
Its estimate projects revenue losses for this year's commodities, including corn, soybeans, wheat, beef cattle and pork production, as well as dairy and ethanol products, the Lincoln Journal Star reported. It does not account for any financial assistance farmers and ranchers receive from COVID-19 relief programs.
Jay Rempe, the Nebraska Farm Bureau's senior economist, said the analysis "cle...