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Southern Plains Perspective- The Economic Impacts of Climate Change |
Just sittin’ around repeating myself—we need to take extreme weather adaptation seriously because climate change is real and it’s having economic impacts!!!:
“Insurers pull back as US climate catastrophes intensify.” That was the headline of a story I just saw this morning. It went on to talk about how the insurance industry is currently scaling back their presence in more vulnerable states due to the financial risks caused by the more extreme weather events that climate change is exacerbating.
Here's one example–
Major Insurance companies have announced they will no longer write new property insurance policies in Florida, citing “catastrophe costs … at historically high levels.” Others have stopped issuing policies along the Sunshine State’s hurricane-vulnerable coastline.
Luckily, Federal Crop Insurance works a little different than property and homeowner’s insurance. That said, we need to recognize that the risks generated by extreme weather events are real and that they have real world costs. One witness at a recent U.S. Senate hearing even said “Just as the U.S. economy was overexposed to mortgage risk in 2008, the economy today is overexposed to climate risk.”
That wasn’t a quote from a university scientist or an environmental activist. It was from the president of an insurance company consulting firm.
We know extreme weather impacts agriculture production. You only need to read a recent report from Texas Agri-life Extension about the effect the recent record heat has had on everything from cotton to cattle to understand how the wild weather is impacting farmers and ranchers. Throw in what looks more and more likely to be a powerful El Nino on the horizon (and with it potentially record global temperatures) and it becomes clear that we need to take the chance for more extreme weather seriously. We need to get ahead of this instead of reacting to the fall-out of a weather related disaster.
(Editor's Note- The Op-Ed- Southern Plains Perspective is authored by farmer and conservationist Clay Pope)
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Sponsor Spotlight
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
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Since the legalization of Medical Marijuana in Oklahoma with State Question 788- criminals have flocked to the state to set up illegal grow houses because of cheap permits, cheap land and lax rules allowing them to get into the business of growing marijuana in Oklahoma- supposedly for the in state Medical Marijuana market.
Ron Hays talks with Oklahoma Bureau of Narcotics spokesman Mark Woodward about how these enterprises have invaded Oklahoma- the magnitude of the current problem and how the state is pushing back on thousands of bad people who have set up shop in the state- with the hope to reduce the number of these operations dramatically in the days to come. It's a huge problem all across rural Oklahoma but Woodward believes progress is being made to reign in these illegal marijuana farms.
Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.
To hear this podcast, you can click here or tap below:
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
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Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network
405.473.6144
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