UC Davis team puts 2015 California drought impacts at 4 percent of the state’s ag economy
The U.C. Davis drought team today released its estimates for the economic impact of the drought this year. Spoiler alert – it’s worse than last year. Highlights: 560,000 acres fallowed, which is 6 to 7 percent $1.8 billion in direct ag losses (increased groundwater pumping costs and reduced sales), which is about 4 percent Total …