NEW ORLEANS (AP) -- New estimates show Louisiana farmers stand to lose $363 million in revenue for major row crops due to late-season drenching rains.
That's nearly $90 million more than in late October, when Louisiana State University agricultural economist Kurt Guidry made preliminary estimates with much of the cotton, soybean and sweet potato crops awaiting harvest.
Guidry's latest report, released Wednesday, shows significant hits to all three with cotton farmers taking an estimated $89.4 million hit, or losing nearly two-thirds of their crop's value to the unrelenting rains that fell in September and October.
Soybean damages are estimated at $119.7 million; sweet potato damages, at $31 million.
Guidry says these losses, added to those suffered in the 2008 hurricanes, will make it tough for many farmers to get money to plant next year.
Copyright 2009 The AP.