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Natural disasters are a growing force behind food-price pressure and tighter farm margins — and drought is the biggest culprit, according to a new Trace One study by Federico Fontanella. Using FEMA and USDA data, researchers estimate average annual U.S. agricultural losses of $3.48 billion, with drought accounting for $1.9 billion — more than half. On the other hand, Hurricanes contribute about $485 million a year, flooding accounts for $437 million, and cold waves add $286 million. Hail, wind,

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