Texas agriculture hard hit by cotton crash; enter the insurance factor

Abilene Reporter-News - Darren Hudson, director of the Cotton Economics Research Institute at Texas Tech University, said the loss this year extends beyond farmers.

Early estimates from August peg drought-related agriculture losses at $5.2 billion statewide

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Darren Hudson, director of the Cotton Economics Research Institute at Texas Tech University, said the loss this year extends beyond farmers.

"In some respects, the farmers had some protection from the insurance," Hudson said.

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