Drought Impacts on California Farm Revenue and Prices
Sumner, Daniel A., Elizabeth Fraysse, Scott Somerville and Josué Medellín-Azuara
Droughts in California reduce the availability of irrigation water, raise costs, and have dire consequences for some farms. However, as with earlier droughts, the 2020–2021 drought is having only small impacts on farm revenues and prices. Farm responses to drought generally minimize the drought’s overall impacts and protect consumers from severe food price increases.
farm supplies, almonds, food supply, dairy, alfalfa hay
Sumner, Daniel A., Elizabeth Fraysse, Scott Somerville and Josué Medellín-Azuara. 2021. "Drought Impacts on California Farm Revenue and Prices." ARE Update 25(1): 10-12. University of California Giannini Foundation of Agricultural Economics.