Puerto Rico’s Agricultural Economy in the Aftermath of Hurricanes Irma and Maria: A Brief Overview
Bart Kenner,
Dylan Russell,
Constanza Valdes,
Andrew Sowell,
Xuan Pham,
Angel Terán and
James Kaufman
No 335421, USDA Miscellaneous from United States Department of Agriculture
Abstract:
This study provides a broad overview of Puerto Rico’s agricultural sector, with an emphasis on observable changes between 2012 and 2018. In 2017, Hurricanes Irma and Maria caused severe damage in Puerto Rico, particularly affecting smaller farms with sales under $20,000 per year. Subsequently, the number of farms smaller than 10 acres decreased by more than 50 percent, and the number of farms with 10–49 acres fell by almost one-third. Crop sales in Puerto Rico decreased by $82 million from 2012 to 2018, with decreases occurring most notably for plantains (-$54 million), coffee (-$30 million), vegetables and melons (-$23 million), and fruits and coconuts (-$19 million).
Keywords: Agribusiness; Community/Rural/Urban Development; Crop Production/Industries; Demand and Price Analysis; Financial Economics; Production Economics; Productivity Analysis (search for similar items in EconPapers)
Pages: 35
Date: 2023-04-06
New Economics Papers: this item is included in nep-mfd
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:335421
DOI: 10.22004/ag.econ.335421
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