New economic data from California shows the state could face anywhere from $3-14 billion in water losses each year if no action is taken.
California has faced water supply challenges for years and is expected to shrink by 12-25% by 2050.
The data collected by researchers at UC Davis and UC Merced shows that without coordinated action, nearly three million acres of California farmland could be taken out of production.
That would mean a loss of 67,000 jobs, severely impacting rural communities.
The research supports the state’s Senate Bill 72, which proposes California’s first-ever water supply target to develop 9 million acre-feet of new water by 2040.
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The USDA NASS report also confirms lower August placements.
While symbolic, the WTO’s youth hackathon reflects growing calls for creative approaches to food trade and security, with potential implications for reducing losses, expanding biofuel markets, and stabilizing grain flows.
Lawmakers and ag industry groups welcomed the confirmations, citing the direct impact of these leaders on western ranchers, water and land management, conservation programs, and regulatory reform.
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.