Active Hurricane Season Could Add Volatility to Agriculture

A more active-than-normal hurricane season is slated for the U.S. Atlantic Basin region. Forecasts include an above-normal number of tropical cyclones, which could consist of more than 20 storms. Weathertrends360 predicts five major hurricanes at a category 3 or higher, leading to potentially disastrous impacts on agriculture in the Atlantic region and throughout the country.

Last year, Hurricane Ida created massive disruptions to U.S. agricultural ports and terminals dotting the Gulf Coast. Tropical storms are known to add volatility to grain markets. Farmers in ranchers in hurricane-prone areas should have disaster plans ready and remain vigilant this season.

Read more on hurricane forecasts here.

ProAg offers a multitude of coverage options, including Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement and Crop Hail coverage, that can provide peace of mind heading into storm season. See a list of available products in your state here.