Floodwaters in Hamburg, Iowa, March 20.
Credit: Scott Olson/Getty

Workers are permanently moving from flood-ravaged towns and cities in the U.S. Midwest, an exodus that could hurt already-struggling manufacturing and agriculture companies, according to a new report.

What’s happening: Flooding last month from heavy rains caused more than $3 billion in damage in Iowa, Kansas, South Dakota, Wisconsin and elsewhere, AP reports. Among companies sustaining damage were Big Ag’s Archer Daniels Midland, Cargill and Tyson.

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  • In a new report provided first to Axios, LinkedIn said members from flood zones are changing their place of residence in considerable numbers.
  • Based on that, and what workers did in prior natural disasters — Miami for example had a 62.9% increase in net migration in the calendar year after Hurricane Irma in 2017 — LinkedIn forecasts a comparatively large migration to the Southwest in the coming months.
  • “[W]e expect to see an increase in workers moving to: Denver, Dallas-Fort Worth, Seattle, and Phoenix,” LinkedIn […]
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