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Researchers: Ongoing Drought to Cost California $2.74 Billion

California's ongoing drought will cost the economy in the most populous U.S. state an estimated $2.74 billion in 2015 and lead to the loss of 10,000 seasonal farm jobs, despite overall health in the state's agricultural sector, researchers said. Agricultural economists at the University of California, Davis, said the drought, entering its fourth year, would impact the state more in 2015 than in 2014, when the total cost to the economy was estimated to be $2.2...

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