 According to the U.S. Drought Monitor, a joint effort of the National Drought Mitigation Center, the United States Department of Agriculture and the National Oceanic and Atmospheric Administration, as of late November 2012, about 4 percent of Texas remained in “extreme” or “exceptional” drought, the two most severe categories.The drought caused billions of dollars in losses throughout the state economy.Farmers and ranchers were among those hardest hit.