California agriculture, economy hit hard by drought

This week, experts from UC Davis released a study showing the devastating impacts of the state drought on California’s economy, with the study projecting a loss of $2.2 billion and more than 17,000 jobs in the nation’s number one agriculture state.

The full study is available here, with a synopsis available here.

With so many of our Morrison clients coming from the California agriculture industry, we have kept a close eye on the drought and the implications for the businesses we serve. According to the study, about 5% of the state’s irrigated cropland is out of production.

To stay on top of California drought information visit this UC Davis website. We’ve found it to be a great resource to keep us informed and will continue to follow updates and post them here on our blog.

About the Author

+Toni Scott is a consultant with Morrison, providing business valuations, business planning (including budgeting, cash flow forecasting, strategic planning), feasibility studies, interim executive services, competitive grant writing and special projects that don't fit into any conventional category. You can contact Toni directly or via telephone at 530-893-4764 ext. 205.

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