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by btilly
3619 days ago
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California's GDP is estimated at 1,800 billion. Economic activity coming from agriculture is estimated at about 100 billion. Given an average economic growth rate of 2.5% per year for California, losing all agriculture would set California's growth back about 2 years. Nobody wants to do that, and there are all sorts of complex legal issues around water rights. But push come to shove, California could survive just fine without its agricultural sector. |
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If food were grown by magic, without employing any people, and it could all be sold at cost, it would contribute 0% to the state's economy. Does that mean that it would make economic sense to immediately stop growing all that food? Of course not! The fact that growing food is so cheap is a good thing!