$2 Billion March 29, 2012 : 5:00 PM

Extreme weather in Texas extracts a heavy price:

“Agriculture officials say losses from Texas' historic drought are more than $2 billion more than previously thought.”

“The Texas AgriLife Extension Service now estimates crop and livestock losses at $7.62 billion for 2011. The extension service's preliminary estimate of $5.2 billion in August already topped the previous record of $4.1 billion in 2006.”

Source: USA Today