Economic impact of agricultural production value losses due to 2008 Tropical Storm Fay, August assessment
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Tropical Storm Fay moved into southern Georgia during the weekend of August 23-24. Rainfall from the storm brought much needed soil moisture to the region, but accompanying winds and excessive rainfall resulted in crop damage in some counties. Damage assessments and economic impacts are estimated based on damage assessments conducted at the end of September, approximately five weeks after the storm. Rainfall and winds from Tropical Storm Fay resulted in crop damage for 31 Georgia counties that totals to $159.4 million of production value losses. This report evaluates production value losses and the economic impacts based on damage assessments approximately five weeks after the storm. Vegetables have the greatest losses with $54.4 million in losses, or 70% of expected production value for counties reporting losses. Cotton has the second greatest losses with $61.9 million which is 26% of expected value for affected counties. Pecans have the third greatest losses of $21.1 million, or 29% of expected production value. Peanut production value losses are $10.3 million which is 8% of expected value. Direct output losses are $159.4 million which leads to $107.7 million in indirect impacts for total Georgia output impacts of $267.1 million.