Prevention is better than cure. Likewise insurance is better than disappointment over an accidental loss. It has been proved once again in the event of Hurricane Harvey and its disastrous impact on Texas’ agricultural industry. Agricultural industry is the first to suffer a financial setback in times of a devastating natural calamity like Hurricane Harvey. It is always wise and safe for those having food warehouses or agricultural export industry to stay protected with agriculture business insurance from a reputed commercial insurance agency in Texas or any other city.
With over 50 inches of rainfall across the Gulf Coast of Texas, Hurricane Harvey has delivered a severe blow to the agricultural industry of the state. The Gulf Coast of Texas is an economic powerhouse with agricultural businesses contributing to it. Those having no agriculture business coverage have been left with an overwhelming loss in the aftermath of Hurricane Harvey. If you have not yet purchased insurance for your business dealing in some agricultural product, you should approach business insurance companies for a commercial insurance quote.
Texas is the largest producer of cotton and cattle in the United States. The state exports one-fourth of the nation’s total produce of wheat. Texas is also a leading exporter of corn and soybeans. It will take weeks to estimate losses due to Hurricane Harvey’s toll on cattle and crops. Not only food warehouses but also agriculture-based export businesses have suffered a huge damage due to logging of floodwaters on transportation routes across South Texas.
Needless to say, businesses depending on the agricultural industry of the state, which were not protected with the best commercial insurance, may have to continue reeling under losses as aftereffects of Hurricane Harvey in and around South Texas. Now they are regretting no purchase of agriculture business insurance. That’s why it is wisely said, “Prevention is better than cure.”
With floodwaters logging in cotton fields and with thousands of cotton modules lying wet in the fields, the state’s cotton produce has been devastated, according to a release from the Texas Department of Agriculture (TDA). Not only cotton producers but also businesses dealing in cotton have fallen prey to Hurricane Harvey. Consequently, the loss is overwhelming for those having no insurance for business in Texas.
Agricultural export businesses have met with the same fate due to lack of agriculture business insurance. With the landfall of Hurricane Harvey, all major ports in the Gulf Coast of Texas were closed for a few days, which led to a halt in export of the state’s major food produces including wheat, corn, and soybean. The destruction of what was ready for export at the ports of Houston and Corpus Christi due to gales of wind and logging of waters has caused almost an irrecoverable loss to export businesses having no best commercial insurance policy.
The same is true about Texas businesses warehousing and exporting beef. Texas is also a leading producer of beef in USA. The 54 counties, which fall in the disaster zone of Texas, have nearly 1.2 million beef cows. The livestock-based produces and the business dealing in them have been victims of Hurricane Harvey due to straying of animals and submerging of pastures in floodwaters. Evidently, agriculture business insurance is the best prevention that you should take without waiting for another hurricane or any other calamity.
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