Early estimates of agricultural losses due to the recent wildfires in the Texas Panhandle are $21 million, but that could change as producers make final reports of their actual damages in the coming weeks, according to a Texas A&M AgriLife Extension Service economist.
“The assessment of acreage burned is about all we have a good estimate on at this time,” said Dr. Steve Amosson, AgriLife Extension economist in Amarillo. “There are a lot of losses, and we just don’t know all of them at this time.”
Based on current information, Amosson said the loss estimate of $21 million does not account for any loss of equipment. The basic categories considered are: lost pasture, $6.1 million; fence repair or replacement, $6.1 million; buildings and corrals lost, $3.8 million; livestock death losses, $4 million; and emergency hay and feed, $1 million.
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