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hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Moses said she and her husband, Arren, knew the hurricane would take a toll on their 800 acres of pecan trees. Yet the devastation this September was astounding. The hurricane destroyed the entirety of their pecan-producing trees.

“It was just a complete loss,” Moses said. “We knew at that time that everything was gone. That was heartbreaking to know that you’ve put in many years of work and it’s just all gone overnight.”

Georgia is the top producer of pecans in the US, according to theDepartment of Agriculture. The pecan harvest season begins in September — just in time for the holidays, when Americans delight in pecan pie.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. When Hurricane Helene crossed into Georgia on September 26, however, the storm’s path destroyed about 36 million pounds of pecans, or one third of the state’s annual crop, according to UGA, decimating an agricultural industry that was already reeling after years oftariffs, increased labor and production costs and low consumerprices.

Hurricane Helene affected at least 48,000 acres of pecan trees, according to UGA. The overall economic impact of Hurricane Helene on Georgia’s entire agriculture industry is estimated at $6.46 billion,according to UGA.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. The hurricane’s destruction is a direct blow for farmers who put years of labor into their crops. Pecan trees can take a decade to bear nuts that can turn a profit, and Moses said she and her husband will be out of production for years.

Hurricane Helene devastated farmers because it destroyed large nut-producing trees, some as old as 100 years old, according to Lenny Wells, a professor of horticulture at UGA who has been a pecan specialist for over 20 years.

Initial estimates show that about 70% of Georgia’s pecan trees aged 50 years and older were completely lost in the hurricane, according to Wells.

Hurricane Helene was also crippling for farmers in Georgia because it hit justsix years after Hurricane Michael, Wells said. The 2018 hurricane caused more than $2 billion in overall damage to Georgia’s agricultural industry, according to UGA.

“I thought that Hurricane Michael would be the worst storm I would possibly see in my career as far as its effect on pecans, but this one I think is going to be worse than that,” Wells said.

Pecan trees are a long and arduous investment for farmers because it can take years before they begin producing nuts, Tyler Harper, Georgia’s Commissioner of Agriculture, told 【 - Free Access to Community 】.

Harper said that some pecan farmers incurred generational financial losses, losing decades-old trees. “It takes a long time to recover from that and be able to get back that investment,” he said.

Chris Harrell, a chief executive at Southern Roots Nuts Company, a wholesale pecan supplier based in Georgia, told 【 - Free Access to Community 】 that pecan farmers were already in a tight spot due to increased costs, and the impact from the hurricane just made it worse.

Harrell is part of a co-operative with 16 farmers in Georgia, and he said the effects of Hurricane Helene have been demoralizing. “Five of those farmers lost their entire crop as well as a good percentage of their trees,” he said.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. Moses said the damage from Hurricane Helene means she and her husband “will not harvest a single pecan” this season.

Harrell said the Southern Roots co-operative is unsure if they have enough supply to meet demand, and they are projecting short-term price increases due to the depleted pecan crop.

Greg Fonsah, a professor of economics at UGA, told 【 - Free Access to Community 】 that Hurricane Helene’s impact on the pecan harvest could create a shortage.

Outside of Georgia, there are other pecan-producing states like New Mexico that can supplement consumer demand, according to Brad Rubin, a sector manager at Wells Fargo’s Agri-Food Institute.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. Nonetheless, unless long-term pecan supply recovers to meet demand, prices could increase. “I don’t expect large swings near-term, but demand next year or in subsequent years could push prices up,” Rubin said.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. Some companies that rely on pecans have already baked in prices the holiday season, according to Laura Shenkar, the chief executive of PKN, a pecan-based milk company. Yet Shenkar said she anticipates price increases in the future as farmers take stock of what crop remains.

“Pecans are very important in things like butter pecan ice cream and your pie,” Shenkar said, noting consumers might see eventual price increases due to the depleted crop.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. At the Moses pecan farm, Taylor Moses said she and her husband have had long, emotional conversations about whether to replant their pecan trees. She said they had hoped to pass trees on to their son, who is three years old.

In the meantime, she said they plan to diversify their farm and incorporate other crops that they can grow on a shorter timeline.

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. While some farmers might have crop insurance for this year, Wells said, the financial and emotional impact from losing entire trees is another matter.

“They face so many challenges that are out of their control,” Wells said. “And this one certainly is a big one. This is one of the biggest challenges most of them will face in their lifetime.”

hdfc life insurance company limited (540777) quarterly results are out ✌️【Stock Resources】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Access to Community 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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