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Cost to farmers from Cyclone Gabrielle expected to exceed $1 billion

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Terry Copeland, chief executive at Federated Farmers of New Zealand, said that Cyclone Gabrielle is expected to cost farmers more than $1 billion New Zealand ($610.9 million), NZ Herald reported. The estimated total farm costs includes crop or orchard restoration bills, infrastructure repair and income disruption for farmers affected by the event.

 

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