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California’s Agricultural Industry Loses $1.2 Billion in 2022: Report

Started by Epoch-Times-Bot, Nov 28, 2022, 07:00 PM

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Epoch-Times-Bot

Nov 28, 2022, 07:00 PM
California's Agricultural Industry Loses $1.2 Billion in 2022: Report

California's agricultural industry has lost $1.2 billion this year, up from $810 million in 2021, according to a report by the University of California–Merced and Public Policy Institute of California.
Additionally, industries that rely on farm products in the state lost about $845 million, which was about $255 million more than last year, according to the Nov. 22 report.
In all, industries recorded nearly $2 billion in losses and a loss of 19,420 jobs this year as a result of a three-year drought, the report showed.
"California is no stranger to drought, but this current drought has hit really hard in some of the typically water-rich parts of the state that are essential for the broader state water supply," UC Merced Professor John Abatzoglou, a coauthor of the report, said in a release....

Source: California's Agricultural Industry Loses $1.2 Billion in 2022: Report

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