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Economists Estimate $55-100M Hit to Florida Agriculture Due to Hurricane Sally

By Pam Knox
 
I’ve posted several stories about the impacts of Sally on agriculture in the Southeast. This latest, from IFAS, indicates that the costs from Sally were between $55 and $100 million. Damage from 2018 Hurricane Michael was worse because the winds were stronger and lasted farther inland, but Sally dropped a lot more rain because it was moving so slowly, and the strong winds of the eye wall lasted a long time near the coast due to Sally’s slow motion, too. You can read more about their analysis and find a link to the report at http://nwdistrict.ifas.ufl.edu/phag/2020/09/25/economists-estimate-55-100m-hit-to-florida-agriculture-due-to-hurricane-sally/.
 
Source : uga.edu

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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.