"Agricultural dollars flowing into an area pass through many hands. The loss estimates highlight how the levee breach goes well beyond production agriculture," Brown said.
The land inside the floodway is held under easement by the Corps of Engineers for flood relief.
Advance warnings allowed farmers to move machinery, stored grain and household goods out of harm's way. However, many assets including buildings, bins and irrigation systems could not be moved.
"Economic estimates in this report may need adjustments as the year unfolds. The damage will be felt for years to come," Brown said. "However, that was not part of the current study."
Field reports indicate some soybean fields are being planted. Winter wheat is also expected to be planted this fall.
Record floodwaters rising on the Missouri River will eventually flow to Birds Point before summer is over. Area farmers seek rebuilding of the breached levee.
For the study, a panel of advisers was gathered to point out the complexities of economic losses.
"FAPRI appreciates that help," Brown wrote in the report. "But FAPRI assumes sole responsibility for the content."
The full report is on the MU FAPRI website: www.fapri.missouri.edu.