AFBF Economist Calculates Potential Hurricane Milton Damage

Munch: What we found was that vegetable production is the largest agricultural sector in those counties impacted by Hurricane Milton, with a total value exceeding $1.6 billion produced in those counties. FDA requires and restricts any sales of edible portions of crops that have been exposed to flooding, so any vegetables that were flooded have been lost. The fruit and tree nuts sector, where the next largest sector, $1.3 billion in ag sales in those affected counties are produced, such as the state’s citrus industry.

Munch: Florida is also the second-largest producer of strawberries in the U.S., producing over $430 million in strawberries each year, and 99 percent of the acreage was in the counties within Hurricane Milton's path. You also had wind damage on barns and infrastructure, cutting power to dairies and aquaculture facilities in the area, and damaged fencing and livestock containment areas.

Munch: So, when we're talking about crop insurance providers, approved insurance providers, they've been authorized to accept delayed notices of losses due to Hurricane Milton. FSA has provided some flexibilities. You also have some permanent disaster programs in the farm bill that will continue to help, such as the Tree Assistance Program, which provides vital financial support to cover the cost of replanting or rehabilitating orchards when those trees are damaged or destroyed. Then, the Livestock Indemnity Program, which compensates livestock losses exceeding normal mortality due to extreme weather. So, those are just a few of the programs farmers can use.