Hurricane Ida’s Winds Inflict an Estimated $300 Million of Damage to Louisiana Timber Industry

According to the LSU AgCenter, Hurricane Ida, a Category IV storm at landfall, inflicted more than a half-billion dollars of damage on Louisiana’s agriculture industry.

Economist Kurt Guidry estimates that about half of $584 million dollars in losses was damage done to the timber industry, which is Louisiana’s top-grossing ag commodity. Over 168,000 acres were affected by the hurricane’s winds, causing an estimated $300 million in damage.

Other commodities like sugarcane, livestock, and horticulture also sustained losses due to Ida.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Hurricane Ida Does More than $500 Million to Louisiana Agriculture