That's according to a study released Thursday by the University of Arkansas System Division of Agriculture.
The study says three-percent of ranchers report plans to sell all their livestock because of the conditions.
Here's more on what the study found:
- Drought cost to producers estimated at $141 per head
- Induced effects on other industries are $4.4 million in labor income, $8.1 million in value added
- Additional studies on longer-term effects of the drought are ongoing