Putting cows on the front page since 1885.
Putting cows on the front page since 1885.
State's economy could take a hit of at least $324 million annually
The spotted lanternfly threatens agricultural sectors worth nearly $18 billion to Pennsylvania's economy.
If not contained, the spotted lanternfly potentially could drain Pennsylvania's economy of at least $324 million annually and cause the loss of about 2,800 jobs, according to a study carried out by economists in Penn State's College of Agricultural Sciences.
Under a worst-case scenario, in which damage reaches the maximum projected by crop-production and forestry experts, these losses could increase to $554 million annually and almost 5,000 jobs.
The report, the first to estimate the potential financial ramifications of the spotted lanternfly – an insect that has an insatiable appetite for the...
Reader Comments(0)