Although drought’s impacts have been estimated at $6-8 billion per year and at $39 billion in 1988, the scientific and policy communities lack consistent methodologies to quantify the impacts of drought, especially across sectors, and at local, regional and national scales. We are working to develop strategies for estimating direct losses from droughts, and methods for calculating indirect loss estimations.
NDMC contributors: Mike Hayes, Ya Ding, Melissa Widhalm, and Jeff Nothwehr
External contributors: Dr. Roger Pulwarty, NOAA’s Climate Diagnostics Center in Boulder, Colorado; Dr. Chuck Howe, Professor Emeritus, Institute of Behavioral Science, University of Colorado-Boulder; Dr. Ray Supalla, UNL Department of Economics; Dr. Karina Schoengold, UNL School of Natural Resources, Ag Economics and Water Center; Dr. Janie Chermak, University of New Mexico Economics; and Prabhakar Shrestha, UNL grad student, School of Natural Resources.
Sponsors: USDA’s RMA, NOAA's Sectoral Applications Research Program (SARP)