Drought saps $2.7 bil. from Calif. economy
By Geoffrey Mohan, Los Angeles Times
The drought is on track to dry up $2.7 billion in revenue and erase more than 18,600 jobs from the California economy this year, according to a preliminary report.
But that blow has been hard to detect because the agriculture sector is just 2% of the overall state economy and because farm employment has grown steadily in the last decade, a panel of experts told the state Board of Food and Agriculture.
Despite the drought, in fact, statewide agricultural employment grew by 3,100 jobs last year, with “stronger than expected” gains in the coastal and northern farming regions overtaking losses centered largely in the San Joaquin Valley, according to the UC Davis report.



Check out this article:
https://www.laketahoenews.net/2015/04/report-drought-wont-hurt-calif-economy/