Economic Losses from Soil Erosion Calculated at $8 Billion Annually

A study by researchers from the European Union Joint Research Centre estimated the global cost of soil erosion by water at $8 billion annually, reports Forbes. The erosion causes reduced crop yields and increased water usage, calculated in this study using two models, RUSLE and MAGNET. The study concluded that, as a result of soil erosion, food production is reduced by 33.7 million tons of food worldwide.