After a series of devastating floods that have destroyed roads and forced mass evacuations in several towns, Coloradans are bracing for another flood-related loss in their agricultural sector.
For a state that just last year was preparing for a protracted drought season, the recent Colorado floods have come as a major surprise. Heavy rainfall caused rivers to spill over their banks, washed away roads, and has caused significant property damage across the Front Range. The unusual weather, which has led to 10 deaths, $2 billion in damages, and forced the evacuation of more than 10,000 people, is a once in a millennium storm.
With many Coloradans returning to evacuated homes and beginning the rebuilding process, farmers are still bracing for more damage.
Corn farmers, in particular, are waiting to see if flooded fields eventually drain. While the increased moisture is a relief for some drought-ravaged farmers, if planted crops continue to sit underwater, they may rot, leading to massive crop failures. Other deluged crops may face mold problems that could also translate into major losses.
In addition, farmers in flood-damaged regions may be hit by the massive damage done to the state’s infrastructure. In some areas, the flooding washed away irrigation systems, leaving farmers particularly vulnerable if another dry spell hits.
Overall, agriculture generates about $41 billion in Colorado and is responsible for more than 170,000 jobs.
To learn more about Colorado farm loans and farm financing in other states, contact a Farm Plus Financial representative by calling us toll-free at 866-929-5585 or contact us online using our easy contact form.
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Written by: Justin Ellison / Farm Plus Staff Writer