Report: Drought to Cost California $2.74 Billion This Year

Posted by Washington Post: Juliet Eilperin on August 19th, 2015
Reuters: Agricultural economists at the University of California, Davis, said the drought, entering its fourth year, would impact the state more in 2015 than in 2014, when the total cost to the economy was estimated to be $2.2 billion. "If a drought of this intensity persists beyond 2015, California's agricultural production and employment will continue to erode," said co-author Josue Medellin-Azuara, a water economist with the UC Davis Center for Watershed Sciences. The report, released on Tuesday,......

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