In October 2016, California Department of Food and Ag (CDFA) announced 2016, “In 2015 California’s farms and ranches received approximately $47 billion for their output. This represents a decrease of nearly 17 percent compared to 2014.” The US Department of Agriculture’s National Agricultural Statistics Service said prior-year comparable receipts were $56.6 billion. cThat’s a revenue loss of $9.6 billion in a single year. Supposedly, these losses are the equivalent of Ebay being wiped out (Kasler) .
It is assumed that the 2015 Ag businesses losses were due to drought and curtailment of water allocations for irrigation purposes.
However, 2017 statistics show that the state has not fully recovered from the impacts of the drought. In 2017, California’s farms and ranches received over $50 billion in cash receipts for their output. This represents an increase of almost 6 percent compared to 20161.
1 Based on USDA ERS figures published as of August 30, 2018
2017 California Department of Food and Ag (CDFA) Ag Production Statistics https://www.cdfa.ca.gov/statistics/