Ranchers race to cattle auctions, fear record drought-related losses

08/12/2011 | Houston Chronicle (tiered subscription model)

Farmers and ranchers coping with a serious drought in Texas are struggling to find food and water sources for their herds and more are sending the animals to auction. One official predicts the losses to the state's $100 billion agriculture industry will likely be more than double the worst-recorded loss of $4.1 billion in 2006. That drought five years ago affected fewer areas of the state.

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