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LSU’s AgCenter: Fallout from Hurricane Laura caused $1.6B in agriculture, forestry losses

By September 17, 2020Lumber Market

A conservative $1.1 billion in damage to the Louisiana timber industry, the LSU AgCenter report states. Devastating to the local agriculture industry for months to come. Hurricane Laura was a deadly and damaging Category 4 Atlantic hurricane that tied the 1856 Last Island hurricane as the strongest hurricane on record to make landfall in the U.S. state of Louisiana, as measured by maximum sustained winds. 757,538 acres of timber from southwest to northeast Louisiana were in the path of the storm with substantial damage. With timber costs as high as they are and more catastrophic environment and weather-related incidents than previous years, the supply on an already stretched demand is on everyone’s radar. The original story can be found here.