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APR 02, 2014 - San Francisco Chronicle

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Economists: California drought impact to be minor

"Overall, the state is not likely to be greatly impacted," but given the state's already fragile recovery from the recession, a prudent estimate would figure the drought's impact to cause a fractional reduction in the expected rate of job growth, Nickelsburg said. [...] the economy could benefit from the possibility of nearly $850 million in federal and state drought assistance funds. [...] if California farmers, who produce a significant chunk of the world's fruits, nuts and produce, have to plant fewer crops for lack of water, they might get higher prices for them. Overall, the forecast ... Read More

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