A recent study from UC Davis puts shocking numbers to the economic impact of the drought in California.
$1.5 billion – Direct costs to agriculture
$2.2 billion – Total statewide economic costs
17,100 agricultural jobs (a 3.8% increase in unemployment in the agricultural industry)
With drought conditions expected to continue into 2015, the economic impacts of this drought will continue to grow. California, the only state without a groundwater management plan, faces what an author of the study calls “a slow-moving train wreck”.