Click here for latest news on coronavirus in Missouri

Missouri Ag Industry taking big hit from COVID-19

Coronavirus

JEFFERSON CITY, Mo. — The Joint Committee on Agriculture heard testimony on Thursday about the economic impact of COVID-19 on Missouri’s agriculture industry.

University of Missouri Agriculture Economist Scott Brown offered an estimate of what COVID-19 will mean for Missouri farmers and ranchers. He said, “My estimate of what’s the loss for cash receipts due to coronavirus in 2020 is somewhere around about $850 million.”

Brown said the fluid nature of the pandemic will likely result in changes in his estimate but said it should give the state an idea of the toll the virus has taken. He pointed out there will be some relief from the USDA Coronavirus Food Assistance Program.

Brown told the committee the program is expected to provide Missouri farmers and ranchers somewhere in the range of $500 to $700.

“So it doesn’t make us whole but it certainly helps,” said Brown.

One of the results of workers at slaughter facilities getting sick from COVID-19 has been a loss in meatpacking capacity. That’s resulted in falling prices for ranchers.

Brown suggested the state examine the possibility of using automation at slaughter facilities in the future.

The committee will eventually present a report to the legislature.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

National News

More National

World News

More World News

Coronavirus 300x250

Trending Stories

Newsfeed Now

More Newsfeed Now