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News Link • Natural Disasters

Louisiana (Morganza) floodgates open! What crops will potentially be lost?

• The Economic Peephole
The Morganza Spillway has been opened to avert flooding in New Orleans and Baton Rouge Morganza Spillway in Louisiana Incredible human and economic tragedy in Louisiana looms as the Morganza Spillway is opened and the flood waters are heading towards populated areas and farmland. More than 18,000 acres of crop may be destroyed and the USDA has guaranteed that the farmers will be covered for loss through crop insurance payments specified in their crop insurance policies. It was up to the USDA to designate this event in Louisiana a natural disaster so that monies would get released to farmers...

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