Abstract
The status of economic drought impact evaluations in the United States and the need to develop strategies and consistent methodologies to quantify drought impacts and the economic losses from drought is discussed. The droughts normally lack the highly visible direct impacts associated with other hazards such as tornadoes, hurricanes and earthquakes. The original economic loss estimate for the 1988 drought that struck the US is $39.4 billion and mainly focuses on agriculture. It is observed that the major advantage to understanding the economic impacts of drought are to highlight the full magnitude of drought losses and encourage more local, state and federal officials to increase the efforts in drought planing and mitigation.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 5241-5243 |
| Number of pages | 3 |
| Journal | Bulletin of the American Meteorological Society |
| State | Published - 2004 |
| Event | Combined Preprints: 84th American Meteorological Society (AMS) Annual Meeting - Seattle, WA., United States Duration: Jan 11 2004 → Jan 15 2004 |
ASJC Scopus subject areas
- Atmospheric Science