Austria faces 1 billion euro in crop damages
The wave of drought and intense heat in Austria over the past few weeks has caused agricultural losses estimated at around one billion euros ($1.2 billion), with further damages expected if harsh weather conditions persist. The CEO of the agricultural insurance company explained that the unprecedented lack of rainfall and rising temperatures have led to approximately a 30% decline in crop yields, particularly affecting pastures, corn, soybean, and grain crops. Farmers have been forced to cull their livestock. More than 60% of agricultural land is insured against these damages.
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