Drought losses piling up despite rain

March 14, 2009 4:03:39 PM PDT
This weekend's rain may be too late to help some ranchers who have been struggling with the drought. [SIGN UP: Get headlines and breaking news sent to you]

The Texas Agri-Life Extension Service says ranchers across the state have lost $829 million since last summer due to the drought. The number includes failed wheat crops that are used for grazing.

Losses are expected to grow to more than $1 billion over the next few months.

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