Weather-associated production risk and crop losses are a part of life for farmers and ranchers. Through heavy rain, hail, snow, winds and drought, farming families prepare land, plant and harvest knowing their livelihoods are reliant on local weather conditions.

In 2023, 28 weather disasters, each with damages exceeding $1 billion, struck the U.S. coast-to-coast. The National Oceanic and Atmospheric Administration (NOAA) reported that 2023 ranked ninth in terms of the total inflation-adjusted economic impact of these events, with industries across the economy experiencing an estimated $92.9 billion hit (compared to $178.9 billion in 2022). With over 490 lives lost, these disasters will haunt impacted communities for years to come.

To read the entire report click here.