Ark growers have estimated $309M loss

LITTLE ROCK, Ark. (AP) - Agriculture officials say Arkansas farmers have lost nearly 10 percent of their gross revenue this year because of prolonged foul weather. Economists with the University of Arkansas Division of Agriculture peg the loss at $309 million.

The estimate covers revenue from corn, cotton, cottonseed, grass hay, rice, sorghum and soybeans. The average loss comes to $43 per acre.

A final estimate for the 2009 crop year will be issued in January. Wet weather in planting season resulted in late planting. Persistent rain in September and October damaged crops and made for a very late harvest.

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