California farms face $3 billion loss from historic drought
California farms face $3 billion loss from historic drought
By Kim Chipman | Bloomberg
California’s worst drought has left growers in the top US agricultural state facing losses of $3 billion, just as producers brace for more widespread cuts to water supplies.
The state’s driest three-year period on record resulted in crop revenue losses after growers left a total of 1.3 million acres unplanted over 2021 and 2022 as compared with 2019, according to a…