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.
Related Stories
Laramie Sandquist discusses Nationwide Agribusiness’s commitment to grain bin safety initiatives, including providing life-saving equipment and training to fire departments across the country.
Brooks York with Agri-Sompo discusses how this year’s pricing period played out and what it could mean for farmers heading into the end of the season.
An import lag for ground beef will likely look different than last year’s egg shortage. The difference comes down to biosecurity and market flexibility.
The WASDE/Crop Production combo will be the first full read on supply, demand, and yield that could move basis and hedging plans since the government shutdown more than a month ago.
China’s grain expansion model may be hitting its limit. Lower prices, high rents, and policy fatigue threaten future output — with ripple effects across global feed and oilseed markets.
High milk production and soft retail demand are squeezing prices and margins — making careful feed and risk management essential through year-end.