California Drought Expected to Cost $1.7 Billion and 14,500 Jobs

With the entire state of California mired in a severe drought — and no rain in sight — a new study reveals that the drought will cost the agriculture industry $1.7 billion and trigger the loss of 14,500 jobs

The study by UC Davis' Center for Watershed Sciences, with funding from the California Department of Food and Agriculture, paints a bleak picture of what the drought has done to California’s rich agriculture. California is the country's largest agricultural state, typically generating about $45 billion in annual revenue.