damage to agriculture of drought
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Farmers may lose money if a drought destroys their crops. ... Businesses that depend on farming, like companies that make tractors and food, may lose business when drought damages crops or livestock. People who work in the timber industry may be affected when wildfires destroy stands of timber.
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According to study, during drought period, agriculture absorbs up to 84 percent of all economic impacts. ... Out of this, damage worth $30 billion was faced by agriculture, which consists of crops, livestock, forestry, and fisheries.
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