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Below is a brief excerpt from a complimentary research note written by our Consumables analysts Howard Penney and Daniel Biolsi. We are pleased to announce our new Sector Pro Product Consumables Pro. Click HERE to learn more. |
According to the Drought Monitor, another dry week with above-average temperatures has worsened the severe drought in the Western U.S.
All California, Oregon, Utah, and Nevada are in drought conditions. 88% of the Western U.S. is in a drought as of this week.
The drought has caused water shortages and has raised concerns for this year’s wildfire season. The following chart shows that the country experiencing “exceptional drought” is the most severe since 2011.
California is the largest agricultural producing state and the largest grower of fresh produce.
California as a whole is suffering the worst drought since 2014, which was the driest year on record since record-keeping began in 1885.
Several agricultural products will be impacted by California's importance. Tree crops are particularly vulnerable to drought, with citrus, avocado, and almond trees expected to be impacted.
