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While residents scramble to reach higher ground, the rest of the country has focused on the economic and environmental impacts of this last round of severe weather, which comes in the wake the devastating tornadoes that swept the Southeast two weeks ago.
The water is flooding some of the most fertile areas in the country, so damages to agriculture alone could easily top $2 billion, according to estimates by economist John Michael Riley, a professor in the department of agricultural economics at Mississippi State University.
“Crop lost estimates are definitely around $800 million for Mississippi alone,†Riley said. To that $800 million, Riley added another $500 million in estimated losses in Arkansas, and several hundred million more caused by flooding in
Louisiana, Missouri and farmland north of Memphis in Tennessee.
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