September 29,  2020

Nebraska, US beef producers facing US$971 million losses due to COVID-19

The COVID-19 pandemic may cause beef producers in Nebraska, the United States, to suffer losses of up to US$971 million, according to the Nebraska Farm Bureau's "Disruptions from COVID-19 on Nebraska's Agriculture" report.

"The potential estimated losses for corn and soybean producers alone could reach US$1.17 billion, with beef producer losses adding another US$971 million," the report stated.

Nebraskan agriculture would potentially feel the effects of the pandemic for years to come, raising important questions for the state, according to the Nebraska Farm Bureau.

"Estimates suggest that as much as 35-50% of the net farm income this year could come from federal financial assistance due to COVID-19," the report said.

- Star Herald