Another day, another storm

Kai Ryssdal and Liz Sanchez Apr 11, 2019
HTML EMBED:
COPY
A tractor drives through flooding in Missouri last month. Midwest businesses are struggling to shoulder the financial burden of flooding and storm damage by two recent storms. Scott Olson/Getty Images

Another day, another storm

Kai Ryssdal and Liz Sanchez Apr 11, 2019
A tractor drives through flooding in Missouri last month. Midwest businesses are struggling to shoulder the financial burden of flooding and storm damage by two recent storms. Scott Olson/Getty Images
HTML EMBED:
COPY

Another storm has just hit the American Midwest. This follows last month’s, in which devastating floods swept through entire businesses and communities, creating hundreds of millions of dollars worth of damage and irreplaceable losses. 

Lagoon Pumping and Dredging Inc. in Columbus, Nebraska was one of the many affected businesses. “We had $200,000 worth of insurance, we had $600,000 worth of damage done to the building,” the company’s chief executive, Aaron Ross, told Marketplace host Kai Ryssdal. 

Since the storms hit, Ross has been making steady progress with recovery, but dipping into his company’s reserves to do so. “We’re not quitters, but it’s gonna take a while to build that back up,” he said. With more bad weather moving across the Midwest, we called him up again to ask how things are going.

Click the audio player above to hear the interview. Click here to hear Marketplace’s first conversation with Aaron Ross last month.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.