Virginia and North Carolina: States Without Drought

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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As all of California and much of Nevada, Oklahoma and Texas wither under historic drought, some states have none. Among these are North Carolina and Virginia. Although their advantages are hard to measure, the states do not face the huge costs of limited agriculture production, wildfires and the need to transport water from one area to another — if there is water to transport at all.

Based on forecasts by experts who contribute to the Drought Monitor, the drought-free parts of the country are likely to remain that way during the foreseeable future. Since land devoted to agriculture takes up almost a third of the square miles within the state of Virginia, the lack of drought allows this sector to prosper. The health of the industry ripples across the state, according to the Virginia Agriculture and Consumer Agency:

Agriculture is Virginia’s largest industry by far, with nothing else coming a close second. The industry has an economic impact of $52 billion annually and provides nearly 311,000 jobs in the Commonwealth. The industries of agriculture and forestry together have a total economic impact of $70 billion and provide more than 400,000 jobs in the Commonwealth. Every job in agriculture and forestry supports 1.6 jobs elsewhere in Virginia’s economy.

Production agriculture employs nearly 55,000 farmers and workers in Virginia and generates approximately $3.3 billion in total output. In addition, value-added industries, those that depend on farm commodities, employ more than 67,000 workers. When the value-added impact of agriculture and forestry are considered together, they make up 8.1 percent of the state’s total gross domestic product.

Contrast this to the dying agriculture industry in the interior parts of California, where unemployment is unusually high.

ALSO READ: The Least Healthy County in Every State

The advantages of lack of drought have similar impact in North Carolina. The state is the largest by far as a producer of tobacco, which has been essential to the state’s economy for decades.

While California’s economy has been savaged by the effects of drought, on the other side of the spectrum, lack of drought has allowed North Carolina and Virginia to prosper.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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