Rain brings relief, but Texas reeling from $829 million in livestock losses
A report issued Thursday by the Texas AgriLife Extension Service says the statewide drought has cost livestock producers $829 million.
That number, the report states, can be blamed on increased feeding costs and lost value of wheat pasture grazing.
Because corn and wheat sorghum are currently being planted, it is too early to say what economic impact, if any, there will be to crop farmers. In McLennan County, 64,000 acres are occupied by corn-for-grain producers.