Australia to lose billions from Cyclone Yasi damage

Australia has been enduring a number of the most detrimental weather ever recorded in the history of the nation. Cyclone Yasi, a massive storm, slammed to the coast of the state of Queensland recently. The Category 5 storm devastated coastal areas of Queensland, already greatly impaired from heavy floods. The destruction from Cyclone Yasi is anticipated to be more than $2 billion. Australia has such a high quantity of destruction that quick personal loans on it’s own would never be large enough to cover the expenses of restoring the destruction. Article source – Cost of Cyclone Yasi to Australia will be in the billions by MoneyBlogNewz.

Devastating farming is Cyclone Yasi

Just after the Australian state of Queensland had experienced the most detrimental flooding in a century, Cyclone Yasi slammed to the region. Right before hitting, the cyclone went from a Category Four to a Category Five. The storm was as large as Hurricane Katrina initially. Then, the Christian Science Monitor explained it changed to be as large as the U.S. Queensland is one of the chief agricultural areas in Australia, and damage is thought to be near catastrophic. The agricultural losses are already thought to be at least $1 billion, with another billion in destroyed property. As much as $500 million could possibly be lost by the sugar cane crop in Australia thinking about 30 percent was lost. About 75 percent of the Australian banana crop was lost too.

Globe food prices escalate

As news of the pending cyclone and possible loss of crops spread, world food costs started to rise, in accordance with Reuters. The United States lost a ton of wheat in the snowstorms that hit while Australia lost a ton of banana and sugar cane crops in this storm. Together, the price of bread, sugar and bananas are all going up. The storm, called "Stormageddon," has already caused American wheat prices to go up There is snow and ice on half of the United States Now you will find even freezing temperatures hitting.

A lot of hurt from La Nina

Weather this year has been chiefly attributed to the weather pattern known as “La Niña,” according to The Telegraph. The weather is opposite of El Nino as there’s a lower ocean surface temperature and atmospheric pressure. In the United States and Canada, you will find colder, wetter winters experienced during La Nina. It also causes milder summers to occur. There is a rainier season in the southern hemisphere. There are also generally stronger cyclones that hit.

Information from

Christian Science Monitor

csmonitor.com/World/Asia-Pacific/2011/0204/US-sized-Cyclone-Yasi-could-cost-Australia-more-than-2-billion

Reuters

reuters.com/article/2011/02/03/us-food-prices-idUSTRE71223720110203?pageNumber=1

The Telegraph

telegraph.co.uk/news/worldnews/australiaandthepacific/australia/8297904/Cyclone-Yasi-La-Nina-and-record-ocean-temperatures-behind-storm.html