Drought weakens but California farm losses to top $1 billion

California growers will idle less land than previously due to drought but losses will be around $1 billion to $1.5 billion, compared to an estimated $1.8 billion in 2015, says agricultural lender CoBank. Losses would fall heaviest on farmers with corn, wheat, cotton, alfalfa and pasture land. In a report, CoBank, based in Denver, estimated… » Read More

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