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Texas ag losses could reach $8 billion

July 15, 2020 - 00:00
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The Agricultural and Food Policy Center at Texas A&M University released a report earlier this year showing the severe economic impact the COVID-19 pandemic has had on production agriculture in Texas. Since the beginning of the pandemic, many agricultural commodity prices have dropped 20% to 30%, according to the report. Many Texas producers already have experienced losses and could be looking at an economic downturn in the range of $6 billion - $8 billion if prices do not recover, the report said. That would amount to a loss of 27% to 36% overall. “Our goal in producing the COVID-19 Economic Impact to Texas ...

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