A group of agriculture economists are estimating the coronavirus pandemic will cause billions of dollars in damage to Iowa's crop and livestock industries.
In a report released Tuesday, the economists say the ethanol industry will see $2.5 billion in losses due to lower fuel demand and the state's hog industry $2.1 billion in losses.
The report comes from Iowa State University's Center for Agriculture and Rural Development.
Damage to corn is estimated at $788 million, soybeans at $213 million and cattle $34 million.
The economists note the numbers will change as the pandemic evolves.
