| Copyright: | XINHUA NEWS AGENCY |
| Source: | Comtex Finance |
| Wordcount: | 271 |
WASHINGTON, Jun 19, 2008 (Xinhua via COMTEX News Network) --
U.S. President George W. Bush
Thursday visited the U.S. Midwest region that was hit by the worst
flooding since 1993.
During a stop in Cedar Rapids, Iowa, Bush promised local
residents and officials that his government will try its best to
help them to recover from a disaster described by top government
officials as the biggest U.S. disaster since Hurricane Katrina in
2005.
Ten Midwestern states have suffered severe flooding, and among
them Iowa, Wisconsin, Indiana and Nebraska are hit the hardest.
The flooding since early this month have left at least 24
people dead, 148 injured and tens of thousands homeless.
Although the death toll were not high in comparison with the
1993 Midwest floods that caused 48 deaths.
But the financial loss will rival the over 20-billion-U.S.-
dollar loss in 1993 floods since a large proportion of the region'
s croplands were destroyed.
As many as 2 million hectares of croplands will have no
production this year and corn prices at the Chicago Board of Trade
keep soaring as a result.
The food price hike will not only influence the United States,
but also many nations around the world since the United States
exports 54 percent of the world's corn, 36 percent of its soybeans
and 23 percent of its wheat.
Many of these products are from the vast croplands in the U.S.
Midwest region.
The Bush administration has sent more than 22 million dollars
in aid to the flooded areas so far and the Congress earmarked 2
billion dollars for disaster relief in a newly adopted spending
bill.
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