Current Weather
The Spy FM

The Cost of Oklahoma’s Drought: $2 Billion in Two Years

Filed by KOSU News in State Impact.
December 5, 2012

Al Jazeera English / Flickr

Researchers at Oklahoma State University have been analyzing the ongoing drought and estimating the state’s tab of overall economic losses.

The financial impact from drought-related crop and livestock losses, wildfire damage and other municipal costs totaled more than $426 million in 2012, researchers found:

Combined with last year’s $1.6 billion setback, the state has suffered more than $2 billion in drought-related agricultural losses since 2011.

Here’s the 2012 breakdown from the OSU researchers:

  • Crops (hay, alfalfa, soybeans, cotton and grain sorghum) – $239,299,520
  • Livestock (lost pasture production, fewer winter stockers) – $157,109,000
  • Wildfire property loss – $27,299,000
  • Municipalities – $2,418,000

On paper, the drought’s effects appear worse in 2011 than in 2012, but researcher Dave Sheideler says the numbers don’t “necessarily speak to the severity of the drought.”

The biggest difference from last year to this year was the historically high rate of herd liquidation in 2011.

Also, moisture from winter weather resulted in good pasture land that cut down on the need for supplemental feed because of smaller herds.

A third factor came in the timing of a flash drought, a heightened drought over a short period of time, that hit Oklahoma in June and July, giving producers the chance to haul in strong wheat and early spring soybean harvests.

Powered by WPeMatico

Leave a Reply

9PM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center