Devil Lake Financial Losses Continue to Grow

Devil Lake Financial Losses Continue to Grow

More than 163,450 acres will be out production in 2010 compared to 1993 when wet cycle started.

As Devils Lake continues to rise, the economic losses from agricultural land taken out of production also continue to grow, according to a study by the North Dakota State University Department of Agribusiness and Applied Economics.

"The total impact on business activity in the region from direct and indirect losses this year is estimated at more than $194 million," says Dwight Aakre, NDSU Extension Service farm management specialist. "The major losses are $57.6 million to the crop sector.

The study estimates that 163,450 acres will be out of production in 2011, as compared with 1993 when Devils Lake started to rise.

"The loss of business activity ultimately is reflected in lost jobs in the region," says Bill Hodous, NDSU Extension Service Ramsey County agent. "Employment losses are estimated at 1,150 jobs for the region."

 "The analysis does not reflect the acres surrounding the lake that will be inaccessible due to submerged roads and growing wetland areas," Hodous says. "My estimation for Ramsey County would indicate an additional 20,000-30,000 could be inaccessible because of submerged roads."

Sources: NDSU Extension Communications

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